The next dividend payment by Dizzle, Inc., will be $$2\mathrm{.}95$ per share. The dividends are anticipated to maintain a growth rate of $4\mathrm{.}50$ percent, forever.

If the stock currently sells for $$49\mathrm{.}50$ per share, what is the required return? $($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

Required return

$\%$