Analysts expect Glow Industries to have earnings per share of $$4$ this year and expect that they will pay out $$1\mathrm{.}75$ of these earnings to shareholders in the form of a dividend. The company's return on new investments is $12\%$ and its equity cost of capital is $15\%.$ What is the expected earnings growth rate for Glow Industries?

A$.$

$8\mathrm{.}25\%$

B$.$

$9\mathrm{.}35\%$

C$.$

$5\mathrm{.}25\%$

D$.$

$6\mathrm{.}75\%$