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Stans Sailing Lessons last dividend per share was $1.76. The stock sells for $16 per share, and the expected growth rate for the company is

Stans Sailing Lessons last dividend per share was $1.76. The stock sells for $16 per share, and the expected growth rate for the company is 14%. Calculate the company's cost of equity.

18.46%

19.89%

26.54%

24.69%

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