The next dividend payment by Im$,$ Incorporated, will be $$1\mathrm{.}56$ per share. The dividends are anticipated to maintain a growth rate of $4$ percent forever. If the stock currently sells for $$29$ per share, what is the required return? $($Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$