Southern Markets recently paid an annual dividend of $2.21 on its common stock. This dividend increases at an average rate of 3.0 percent per year. The stock is currently selling for $28.16 per share. What is the market rate of return?

(Enter your answer in DECIMAL (not in percent). For example, if the result of your calculation is 1.23%, enter 0.0123) (Round your answer to the nearest thousands (upto three decimal places). i.e. if your answer is 1234.56789, enter 1234.568)