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 of equity?

Multiple Choice

$10\mathrm{.}39\%$

$11\mathrm{.}19\%$

$7\mathrm{.}88\%$

$9\mathrm{.}13\%$

$9\mathrm{.}53\%$