The next dividend payment by PureT Corp. will be $7 per share. The company is expected to maintain a constant 6% growth rate in its dividends, indefinitely. The company's stock currently trades at $50. What is Re (or, required rate of return) for PureT's equity? Show your answer to the nearest .1%. Do not use the % sign in your answer. For example, if the answer is 9.23% enter your answer as 9.2 Do not enter it as .0923, 0.0923, or 9.23% or 9.2%