Wonder Trees Inc. expects to pay the next dividend payment of $$3\mathrm{.}8$ per share $(D_1).$ The company is expected to maintain a $3$ percent growth rate forever. If the company stock currently sells for $$39$ per share, the required return should be percent. Express in percentage without the $\%$ sign, and round it to two decimal places, e$.$g$.,13\mathrm{.}45.$

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