Delta common stock just paid out a dividend of $2.28 for the year. Deltas dividends per share are expected to increase at 5% for the foreseeable future. Deltas common stock trades at $30 today. The firms marginal tax rate is 25%. Based on this information, the firms marginal cost of common equity is estimated to be:

		12.98%
		12.63%
		13.33%
		13.68%
		13.82%