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Delco Accents will pay an annual dividend of $5.94 a share next year with future dividends increasing by 2.20 percent annually. What is the stock's

Delco Accents will pay an annual dividend of $5.94 a share next year with future dividends increasing by 2.20 percent annually. What is the stock's Cost of Equity if the stock is currently selling for $42.64 a share?

a. 15.58%

b. 16.13%

c. 11.16%

d. 9.89%

e. 17.14%

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