Question 4 (4 points) Listen Kennesaw Corp. has a dividend policy of increasing its dividend annually by 4 percent. If today's dividend is $2.25 and the stock price is $52.35, what is Kennesaw Corp. cost of equity? 1) 7.66 percent 2) 8.30 percent 3) 8.47 percent 4) 8.85 percent