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Jaynestown Corp is currently priced at $18.00 per share. They just paid their annual dividend of $1.79. They have been experiencing growth in dividends of

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Jaynestown Corp is currently priced at $18.00 per share. They just paid their annual dividend of $1.79. They have been experiencing growth in dividends of 7% and expect this to continue. What is the firm's cost of equity? (Answer as a percentage and round to 2 decimais.) a. 15.32% b. 19.04% c. 1764% d. 19.75% e. 16.24%

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