The Shoppe is currently selling for $47.96 a share with a current dividend of $1.50. The Shoppe will have a growth of earnings and dividends of 0.12% into the near future. If decide to issue new equity The Shoppe will incur flotations costs equivalent to 4% of market price. For now, The Shoppe's will not issue any new stock. What is The Shoppe's cost of equity? Type your answer using 4 decimal places. Example: .1025 Computations will have to be submitted in the folder provided to do so. Answer: 0.1326