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Development Company hired you as a consultant to help them estimate its cost of capital. You have been provided with the following data: D1 =$1.45;P0=$19.00;

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Development Company hired you as a consultant to help them estimate its cost of capital. You have been provided with the following data: D1 =$1.45;P0=$19.00; and g=6.50% (constant). Based on the DCF approach, what is the cost of equity from retained earnings? 14.75% 13.77% 11.40% 14.13% 13.33%

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