The Bouchard Company's EPS was $$5\mathrm{.}40$ in $2019,$ up from $$3\mathrm{.}26$ in $2014.$ The company pays out $40\%$ of its earnings as dividends, and its common stock sells for $$40\mathrm{.}00.$Calculate the past growth rate in earnings. $($Hint: This is a $5-$year growth period.$)$ Round your answer to two decimal places. $\%$The last dividend was D$0=0\mathrm{.}40($$$5\mathrm{.}40)=$ $$2\mathrm{.}16.$ Calculate the next expected dividend, D$1,$ assuming that the past growth rate continues. Do not round intermediate calculations. Round your answer to the nearest cent.$ What is Bouchard's cost of retained earnings, rs$?$ Do not round intermediate calculations. Round your answer to two decimal places.