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Jumbuck Exploration has a current stock price of $2.35 and is expected to sell for $2.47 in one year's time, immediately after it pays a

Jumbuck Exploration has a current stock price of $2.35 and is expected to sell for $2.47 in one year's time, immediately after it pays a dividend of $0.27 Which of the following is closest to Jumbuck Exploration's equity cost of capital?

a. 9.96%

b. 20.75%

c. 8.3%

d. 16.6%

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