Currently, the dividend payment and stock price of Spotify are $1.50 and $16.50 per share, respectively. The firm's financial manager expects that the dividend of Spotify will increase at a 10% annual rate, 81, over the next year. Due to COVID-19, the firm is expected to have a slowing of the dividend growth rate to 5% per year, 82, from the beginning of 2022 to the foreseeable future. What is the firm's required rate of return on equity? 1,800 BPs O 1000 BPs O 1.500 basis points (BPS) O 500 BPs