Intel $($INTC:NASDAQ$)$ has a stock price of $$35$ and pays $$1$ dividend $($sum of quarterl dividends$)$ with a forecasted dividend growth of $5\%.$ What is cost of equity for Intel implied by the dividend growth model using the given information?

a$.7\%$

b$.7\mathrm{.}86\%$

c$.8\%$

d$.8\mathrm{.}35\%$