If you are using the dividend growth model to calculate the cost of equity, one of the following statements must be correct

A. The annual dividend used in the computation must be for Year 1 if you use Time 0's stock price to compute the return.

B. The rate of return must be adjusted for taxes.

C. The rate of growth must exceed the required rate of return.

D. The cost of equity is equal to the return on the stock multiplied by the stock's beta. E. The cost of equity is equal to the return on the stock plus the risk-free rate.