KitKot Ltd ordinary shares have a current market price of $28.44 and the next dividend to be paid is expected to be $1.18. If the required return for KitKot's ordinary shares is 9.4%, using the constant dividend growth model, what is the estimated future constant growth rate of the firms earnings and dividends?

Select one:

a. 6.2%

b. 5.9%

c. 5.3%

d. 4.6%

e. 5.1%