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%