Radon Homes's current EPS is $6.08. It was $4.04 5 years ago. The company pays out 55% of its earnings as dividends, and the stock sells for $32. Calculate the historical growth rate in earnings. Round your answer to two decimal places. (Hint: This is a 5-year growth period.) % Calculate the next expected dividend per share, D1 Assume that the past growth rate will continue. Round your answer to the nearest cent. (Hint: D0 = 0.55($6.08) = $3.34). $ What is Radon's cost of equity, rs? Round your answer to two decimal places. %