Jaynestown Corp is currently priced at $15.00 per share. They just paid their annual dividend of $2.11. They have been experiencing growth in dividends of 5% and expect this to continue. What is the firm's cost of equity? (Answer as a percentage and round to 2 decimals.) Select one: a. 20.77 % b. 18.27 % c. 18.06 % d. 22.64% e. 19.77 %