Rossdale Company stock currently sells for $$68\mathrm{.}91$ per share and has a beta of $\mathrm{.}88.$ The market risk premium is $7\mathrm{.}10$ percent and the risk$-$free rate is $2\mathrm{.}91$ percent annually. The company just paid a dividend of $$3\mathrm{.}57$ per share, which it has pledged to increase at an annual rate of $3\mathrm{.}25$ percent indefinitely. What is your best estimate of the company's cost equity?

A$)8\mathrm{.}88\%$

B$)7\mathrm{.}74\%$

C$)8\mathrm{.}08\%$

D$)6\mathrm{.}60\%$

E$)9\mathrm{.}56\%$