Windy Corp is estimating the cost of common stock using the constant dividend growth model if it issues new common stock. Windy's current stock price is $72 and its estimated dividend in time 1 is 1.17. Windy estimates that the underwriter will charge 2.7% of the common stock price for issuing shares. Windy estimates a growth rate of 8.3%,What is the estimated cost of NEW common stock for windy? (Express answer in 4 decimal places: 9.65% should be .0965)