Currently, a Firm's common shares are selling for $ 30.00 per share. The Firm just paid a dividend of $ 2.50 per share. The firm has a policy to increase its Dividends each year by 6%. The required rate of return by investors is 16%. This firm wants to sell additional Common shares at $ 30 each.The floating cost on the sale of new shares is likely to be 5%. According to your calculation, the cost of selling additional common shares would be:

a.$2.65 per share

b.13.02%

c.15.30%

d.9.30%