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Gremlin Industries will pay a dividend of $2.00 per share this year. It is expected that this dividend will grow by 6% per year each

Gremlin Industries will pay a dividend of

$2.00

per share this year. It is expected that this dividend will grow by

per year each year in the future. The current price of Gremlin's stock is

$22.70

per share. What is Gremlin's equity cost of capital?

18.8%

16.8%

13.8%

14.8%

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