Trahan Lumber Company hired you to help estimate its cost of capital. You obtained the following data: $D_1=$$$1\mathrm{.}25$;$P_0=$$$27\mathrm{.}50$;$g=5\mathrm{.}00\%($constant$)$; and $F=6\mathrm{.}00\%.$ What is the cost of equity raised by selling new common stock?