You were recently hired by AIOtham to estimate its cost of capital. You obtained the following data: D$1=$ SAR $3$; selling price of its stock is SAR $125$ ; $g=7\mathrm{.}00\%($constant$)$; and the

flotation cost $(F)=3\%.$ What is the cost of equity raised by selling new common stock $($re$)?$

The cost of equity when issuing new common stock $($re$)\%$