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The earnings, dividends, and stock price of DoorDash are expected to grow at 5.5% per year in the future. DoorDash's common stock sells for $30.71

The earnings, dividends, and stock price of DoorDash are expected to grow at 5.5% per year in the future. DoorDash's common stock sells for $30.71 per share and its last dividend was $1.90. Using the discounted cash flow approach, what is the cost of equity? Answer as a percentage with 2 decimals (i.e. 13.57% as 13.57).

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