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The NEXT dividend (D1) payment by ECY, Inc., will be $3.20 per share. The dividends are anticipated to maintain a growth rate of 4.25%, forever.

The NEXT dividend (D1) payment by ECY, Inc., will be $3.20 per share. The dividends are anticipated to maintain a growth rate of 4.25%, forever. If ECY stock is currently priced at $53.51 per share, what is the cost of capital?

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