The earnings, dividends, and common stock price of Carpetto Technologies Inc. are expected to grow at 4% per year in the future. Carpetto's common stock currently sells for $24.50 per share. Carpetto just paid a dividend of $2.00, and it will pay its next dividend of $2.08 in one year. What is its cost of common equity? Round your final percentage answer to two decimal places. 12.16% 0 11.24% 08.16% O 12.49% None of the above are correct