A company just paid a $$3\mathrm{.}00$ dividend, expected to grow at $1\mathrm{.}8\%$ indefinitely. If the firm's stock can be sold for $$19\mathrm{.}25$ per share with a $$1\mathrm{.}00$

flotation, what is the cost of common equity?

$15\mathrm{.}81\%$

$14\mathrm{.}42\%$

$25\mathrm{.}75\%$

$13\mathrm{.}28\%$

none of these