Imagine a stock that has an expected EPS of $$5\mathrm{.}50$ for the next year. This firm plans to distribute $60\%$ of its earnings as dividends to its shareholders. The cost of equity is $12\%$ pa and the current stock price is $$62\mathrm{.}50$ per share. Under these circumstances, what is the return on retained earnings $($RORE$)?$

$14\mathrm{.}80\%$

$16\mathrm{.}80\%$

$15\mathrm{.}30\%$

$16\mathrm{.}30\%$

$15\mathrm{.}80\%$