Crane Company had the following information in its financial statements for the years ended 2017 and 2018:

Cash dividends for the year 2018

$4500

Net income for the year ended 2018

98000

Market price of stock, 12/31/17

9

Market price of stock, 12/31/18

11

Common stockholders' equity, 12/31/17

1008000

Common stockholders' equity, 12/31/18

1201000

Outstanding shares, 12/31/18

100600

Preferred dividends for the year ended 2018

15800

What is the rate of return on common stock equity for Crane Company for the year ended 2018?

7.4%

6.8%

8.9%

6.4%