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Germline industries will pay a dividend of $1.35 per share this year. It is expected that this dividend will grow by 3% per share each

Germline industries will pay a dividend of $1.35 per share this year. It is expected that this dividend will grow by 3% per share each year in the future. The current price of Gremlin's stock is $22.00 per share. What is Gremlin's equity cost of capital?
11.1%
8.1%
9.1%
13.1%

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