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Janlea Co . had total net earnings of $ 1 2 7 , 0 0 0 this past year and paid out 3 0 percent

Janlea Co. had total net earnings of $127,000 this past year and paid out 30 percent of those earnings in dividends. There are 100,000 shares of stock outstanding at a current market price of $11.62 a share. If the dividend growth rate is 5.6 percent, what is the required rate of return?
Group of answer choices
14.27%
15.60%
9.06%
24.40%
6.56%

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