Countess Corp. is expected to pay an annual dividend of $$4\mathrm{.}93$ on its common stock in one year. The current stock price is $$76\mathrm{.}71$ per share. The company announced that it will increase its dividend by $3\mathrm{.}70$ percent annually. What is the company's cost of equity?

Multiple Choice

$9\mathrm{.}85\%$

$10\mathrm{.}13\%$

$9\mathrm{.}56\%$

$10\mathrm{.}36\%$

$10\mathrm{.}74\%$