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Please help me understand how to do this. Countess Corp. is expected to pay an annual dividend of $4.09 on its common stock in one

Please help me understand how to do this.

Countess Corp. is expected to pay an annual dividend of $4.09 on its common stock in one year. The current stock price is $69.43 per share. The company announced that it will increase its dividend by 3.30 percent annually. What is the company's cost of equity?

A. 9.19%

B. 8.94%

C. 8.68%

D. 9.75%

E. 9.39%

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