Suppose Wacken, Limited just issued a dividend of $$2\mathrm{.}61$ per share on its common stock. The company paid dividends of $$2\mathrm{.}11,$$$2\mathrm{.}18,$ $$2\mathrm{.}35,$ and $$2\mathrm{.}45$ per share in the last four years. If the stock currently sells for $$80,$ what is your best estimate of the company's cost of equity capital using arithmetic and geometric growth rates?

Note: Do not round intermediate calculations and enter your answers as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

$\backslash$table$[[$Cost of equity using arithmetic growth rate,$\%$