Assume that you are a consultant to Morton Inc., and you have been provided with

the following data: $D0=$$$1\mathrm{.}4$;$PO=$$$36$; and $g=4\mathrm{.}8\%($constant$).$ What is the cost of equity from retained earnings based on the DCF approach?

$9\mathrm{.}68\%$

$9\mathrm{.}08\%$

$9\mathrm{.}48\%$

$9\mathrm{.}28\%$

$8\mathrm{.}88\%$