The dividend for Mosab Corp. next year is expected to be $1.50. The stock is currently trading for $94 per share. Based on recent financial statements, the following information was also gathered. Net Income was recorded at $55 million. Total Owners' Equity was $802 million, and Dividends paid was listed as $17 million. The estimated cost of equity, RE, is ________%. THE CORRECT ANSWER IS 6.33% please show how to get there.