Gummy inc is expected to pay a dividend of $0.47 per share at the end of the year (D1=$0.47). The stock sells for $18.30 per share and its required rate of return is 7.0%. The dividend is expected to grow at some constant rate, g, forever. What is the equilibrium expected growth rate?

A. 2.57%

B. 4.43%

C. 5.27%

D. 7.0%