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23.XYZ Corp. hired you as a consultant to help them estimate its cost of capital. You have been provided with the following data: Di- $1.45;

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23.XYZ Corp. hired you as a consultant to help them estimate its cost of capital. You have been provided with the following data: Di- $1.45; Po - $22.50; and g = 5.24% (constant). Based on the DCF approach, what is the cost of equity from retained earnings (for use in calculating the WACC)? a. 11.10% b. 11.688 c. 12.30% d. 12.94% e. 13.59

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