You know the following details about stock KDE. The EPS next year will be $1.21, the dividend payout rate will be 0.16 , the return on new investment will be 0.064 , and the current fair price under the DDM is $38. What is KDE's equity cost of capital? Instruction: Type your answer as a decimal, and round to three decimal places. E.g., if your answer is 0.0106465 or 1.06465%, should type ONLY the number .011 , neither 0.0106465,0.0106, nor 1.065 . Otherwise, Blackboard will treat it as a wrong