Pharoah Wok is expected to pay a dividend of $$2\mathrm{.}8$ one year from today on its common shares. That dividend is expected to increase by $8$ percent every year thereafterIf the price of Pharoah common stock is $$20,00,$ what is the cost of its common equity capital? $($Round Intermediate calculations to $2$ decimal places, $0\mathrm{.}15$ and final answer to decimal place e$.$g$.15\mathrm{.}2\%)$