You've collected the following information from your favorite financial website. 52-Week Price Div PE Close Net Hi Lo Stock (Div) Yld % Ratio Price Chg 64.60 47.80 Abbott 1.12 1.9 235.6 62.91 -.05 Ralph Lauren 145.94 70.28 1.8 70.9 139.71 .62 2.50 171.13 139.13 IBM 6.30 4.3 23.8 145.39 .19 91.80 71.96 Duke Energy 4.9 17.6 74.30 .84 3.56 113.19 96.20 Disney 1.68 1.7 15.5 ?? .10 According to your research, the growth rate in dividends for Ralph Lauren for the next 5 years will be .5 percent. If investors feel this growth rate will continue, what is the required return for the company's stock? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Required return _ %