A firm recently paid an annual dividend of $$6\mathrm{.}90$ per share. This dividend increases at $4\mathrm{.}1$ percent per year. The stock currently sells for $$36\mathrm{.}09$ per share. What is

the required rate of return?

Multiple Choice

$19\mathrm{.}90\%$

$15\mathrm{.}61\%$

$24\mathrm{.}00\%$

$19\mathrm{.}21\%$

$23\mathrm{.}22\%$