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Majorica Corp. is expected to pay an annual dividend of $3.85 on its common stock in one year. The current stock price is $67.35 per

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Majorica Corp. is expected to pay an annual dividend of $3.85 on its common stock in one year. The current stock price is $67.35 per share. The company announced that it will increase its dividend by 3.10 percent annually. What is the company's cost of equity? Multiple Choice 8.82% 8.57% 9.35 8.99% 8.82% O 8.57% O O 9.35% O O 8.99% O O 8.33%

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