The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over.

Balance Sheet (Millions of $)	2021
Assets
Cash and securities		$	3,000
Accounts receivable			15,000
Inventories			18,000
Total current assets		$	36,000
Net plant and equipment			24,000
Total assets		$	60,000
Liabilities and Equity
Accounts payable		$	15,246
Accruals			8,954
Notes payable			7,000
Total current liabilities		$	31,200
Long-term bonds			12,000
Total liabilities		$	43,200
Common stock			5,040
Retained earnings			11,760
Total common equity		$	16,800
Total liabilities and equity		$	60,000
Income Statement (Millions of $)	2021
Net sales		$	114,000
Operating costs except depreciation			106,020
Depreciation			1,920
Earnings before interest and taxes (EBIT)		$	6,060
Less interest			1,140
Earnings before taxes (EBT)		$	4,920
Taxes (25%)			1,230
Net income		$	3,690
Other data:
Shares outstanding (millions)			500.00
Common dividends (millions of $)		$1,291.50
Int. rate on notes payable & L-T bonds			6%
Federal plus state income tax rate			25%
Year-end stock price			$88.56

What is the firm's BEP? Do not round your intermediate calculations.

a. 8.20%

b. 6.15%

c. 16.83%

d. 10.10%

e. 5.32%