Multiple Choice 12.56% 9.12% 14.27\% 11.60% 10.40%

Janlea Co. had total net earnings of $158,600 this past year and paid out 60 percent of those earnings in dividends. There are 84,000 shares of stock outstanding at a current market price of $18.43 a share. If the dividend growth rate is 28 percent, what is the required rate of return? Multiple Choice O O O O O 12.5686 912% 1427% 11.60% 10.40%