The Evanec Company's next expected dividend is $3.08; its growth rate is 6.64%; its common stock now sells for $36.30. What is Evanec's cost of retained earnings (existing equity), r_s?

Note: your answer should be in the XX.XX% format, with the XX.XX part put into the answer box and the "%" put into the unit box.

Your Answer:

Answer	units