$($d$)$

Bagan Relau Corporation's previous year annual dividend was RM$4\mathrm{.}44$ per

share. The company anticipates the growth rate in dividends will be $5\%$

annually for the foreseeable future. If the current price is RM$66$ per share,

calculate the required rate of return for the company's equity.

$[4$ markah$/$marks $]$