Rhino Inc. hired you as a consultant to help them estimate their cost of capital. The company's the last common stock dividend was $2 and it's grow rate is 6 percent per year. The current common stock price $21.2. What is the cost of retained earnings? 4 10.00% 16% 15.4% 9.43% 12.24%

Rhino Inc. hired you as a consultant to help them estimate their cost of capital. The company's the last common stock dividend was $2 and it's grow rate is 6 percent per year. The current common stock price \$21.2. What is the cost of retained earnings? 10.00% 16% 15.4% 9.43% 12.24%