If the market share price of a company$$s stock is $$780$ and that company pays annual dividends of $$24\mathrm{.}25$ per share with no expected increase in dividends, what is the company$$s cost of equity capital?

a$.3\mathrm{.}07\%$

b$.13\mathrm{.}33\%$

c$.3\mathrm{.}55\%$

d$.3\mathrm{.}11\%$