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Zombie Manufacturing Company is expected to pay a dividend of $3.72 in the upcoming year. Dividends are expected to grow at 4.2% per year. The

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Zombie Manufacturing Company is expected to pay a dividend of $3.72 in the upcoming year. Dividends are expected to grow at 4.2% per year. The risk-free rate of return is 3%, and the expected return on the market portfolio is 9%. Investors use the CAPM to compute the market capitalization rate and use the constant-growth dividend discount model to determine the value of the stock. The stock's current price is $86. What is your estimate for the market capitalization rate of this asset? Enter answer in percents to two decimal places

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