QUESTION 12 4 points Save Answer You've collected the following information from a financial web site. 52-Week Price Hi Div Yld % 2.6 PE Ratio Lo 10.43 Close Price 13.90 Net Chg 77.40 6 -0.24 Stock (Div) Palm Coal 0.36 1 Lake Lead Grp 2.29 SIR 2.00 56.56 5.6 41.18 -0.01 34.17 69.50 130.93 2.2 10 10 88.97 3.07 According to your research, the growth rate in dividends for Palm Coal for the previous 10 years has been 2.98 percent. If investors feel this growth rate will continue, what is the required return for Palm Coal stock? (Do not include the percent sign (%). Round your answer to 2 decimal places (e.g.. 32.16).)