Assume that Considine Inc. hired you as a consultant to help estimate its cost of capital. You have been provided with the following data: D$0=$ $$1\mathrm{.}30$; P$0=$ $$24\mathrm{.}00$; and g $=4\mathrm{.}50\%($constant$).$ Based on the Dividend growth approach, what is Considine$$s cost of equity from retained earnings?

a$.$

$10\mathrm{.}60\%$

b$.$

$9\mathrm{.}45\%$

c$.$

$10\mathrm{.}16\%$

d$.$

$9\mathrm{.}92\%$