Builtrite's common stock is currently selling for $65 a share and the firm just paid an annual dividend of $2.20 per share Management believes that dividends and earnings should grow at 8% annually. Based on this, and a marginal tax rate of 34%, what is the cost of common stock (also known as the cost of retained earnings)? 7.46% O 11.3% O 11.70% 0 7.69%