The next dividend payment by Rory Corp. will be $$1\mathrm{.}96$ per share. The dividends are

anticipated to maintain a growth rate of $4$ percent forever. If the stock currently sells for

$$39$ per share, what is the required return? $($Do not round intermediate calculations

and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

Required return

$\%$