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Kirby Enterprises s stock is currently selling for $ 2 5 . 6 7 per share, and the firm expects its per - share dividend

Kirby Enterprisess stock is currently selling for $25.67 per share, and the firm expects its per-share dividend to be $2.35 in one year. Analysts project the firms growth rate to be constant at 5.72%. Estimating the cost of equity using the discounted cash flow (or dividend growth) approach, what is Kirbys cost of internal equity?
18.59%
15.61%
20.07%
14.87%

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