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Sow'n Steady, inc, has a stock price of $28, wil poy a dividend nexd year of $2.90, and has expocied dividend growth of 0.9% per

Sow'n Steady, inc, has a stock price of $28, wil poy a dividend nexd year of $2.90, and has expocied dividend growth of 0.9% per year. What is your esimate of 5 ow 'n 5 teadys cost of equily copial? The required retum (cost of capital) of lavered equsy is 6: (Reund to one dooimal place.)

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