Acton Golf Car Corp. is expected to pay an annual dividend of $1.35 a share next year. The market price of the stock is $27.60 and the growth rate is 5 percent. What is the firm's cost of equity? Select one: a. 8.24 percent O b. 9.89 percent o c. 10.40 percent d. 9.58 percent e. 10.18 percent o