Daniel's Enterprises has a beta of 1.98 and a growth rate of 12 percent. The stock is currently selling for $12 a share. The overall stock market has an 11 percent rate of return and a risk premium of 8 percent. What is the expected rate of return on Daniel's Enterprises stock?

A.

10.00 percent

B.

15.85 percent

C.

18.84 percent

D.

19.06 percent

E.

16.67 percent