Slow 'n Steady, Inc., has a stock price of $31, will pay a dividend next year of $3.30, and has expected dividend growth of 1.6% per year. What is your estimate of Slow 'n Steady's cost of equity...

Slow​ 'n Steady,​ Inc., has a stock price of

will pay a dividend next year of

and has expected dividend growth of

per year. What is your estimate of Slow​ 'n Steady's cost of equity​ capital?

Extracted text: Slow 'n Steady, Inc., has a stock price of $31, will pay a dividend next year of $3.30, and has expected dividend growth of 1.6% per year. What is your estimate of Slow 'n Steady's cost of equity capital? ... The required return (cost of capital) of levered equity is %. (Round to one decimal place.)