Seerex Wok Co. is expected to pay a dividend of $1.55 one year from today on its common shares. That dividend is expected to increase by 8.10 percent...

Seerex Wok Co. is expected to pay a dividend of $1.55 one year from today on its common shares. That dividend is expected to increase by 8.10 percent every year thereafter. If the price of Seerex common stock is $19.22, what is the cost of its common equity capital?