The next dividend payment by Im$,$ Incorporated, will be $$2\mathrm{.}85$ per share. The dividends are anticipated to maintain a growth rate of $5\mathrm{.}00$ percent forever. If the stock currently sells for $$49\mathrm{.}30$ per share, what is the required return?

Note: Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

Answer is complete but not entirely correct.

$\backslash$table$[[$Required return,$5\mathrm{.}06,\%$