You've collected the following information from your favorite financial website 52-Week Price Net Close PE Div Chg -24 Price Yld % Ratio Stock (Div) Lo Hi 7910 15.60 6 3.4 Palm Coal 53 Lake Lead Grp 1.54 SIR 2.00 10.60 -01 40.43 10 3.8 33.42 55.81 3.07 88.97 15.43 10 2.2 5.2 69.50 13.95 20.74 130.93 -26 6 DR Dime 80 50.24 35.00 18 28 1.5 Candy Galore 32 According to your research, the growth rate in dividends for Palm Coal for the previous 10 years has been 3.75 percent. If investors feel this growth rate will continue, what is the required return for Palm Coal stock? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) % Required return