Radiant Company has issued a secondary offering and receives a net price of $26.50 per share. What is the implied cost of capital from the transaction given the fact that Radiant Company will pay a dividend of $2.10 per share at the end of the period, and dividends are expected to grow at a rate of 4.50% annually?

	a.	12.42%
	b.	10.08%
	c.	3.43%
	d.	8.09%