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The next dividend payment by Im$,$ Incorporated, will be $$2\mathrm{.}50$ per share. The dividends are anticipated to maintain a growth rate of $5\mathrm{.}75$ percent forever. If the stock currently sells for $$48\mathrm{.}60$ per share, what is the required return?

Note: Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

Required return

$\%$