The ABC Company just issued a dividend of $$2\mathrm{.}20$ per share on its common stock. The company is expected to maintain a constant $6$ percent growth rate in its dividends indefinitely. If the stock sells for $$44\mathrm{.}00$ a share, what is the company's cost of equity?

Multiple Choice

$12\mathrm{.}25\%$

$11\mathrm{.}30\%$

$9\mathrm{.}31\%$

$10\mathrm{.}35\%$