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

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Gremlin Industries will pay a dividend of $1.35 per share this year. It is expected that this dividend will grow by 3% per year each year in the future. The current price of Gremlin's stock is $23.10 per share. What is Gremlin's equity cost of capital? O A. 8.8% OB. 7.8% O C. 10.8% OD. 12.8%

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