You've collected the following information from your favorite financial website 52-Week Price Div YId % 3.0 4.0 1.6 1.9 1.3 PE Ratio Hi 36.99 32.90 194.90 41.86 29.92 Lo 13.09 42.81 151.71 23.44 JC Penney 0.80 22.82 Tootsie Roll 0.32 Stock (Div) Knox Gold 0.44 Laclede Grp 1.66 BM 3.00 Net Chg 0.25 0.31 1.91 0.35 0.19 Price 14.53 41.60 20.0 14.2 14.7 192.37 45.8 41.77 33.9 72 According to your research, the growth rate in dividends for Knox Gold for the previous 10 years has been 3.5 percent. Required If investors feel this growth rate will continue, what is the required return for Knox Gold stock? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Required return