The common stock of a firm is currently priced at $53 a share. The company paid $1.40 on common dividends last year and expects to increase this amount by 3% annually. The stock has a beta of 1.40, which is about equal to its industry average. Given this information, what is the cost of equity financing? A. 3.81 Percent B. 5.64 Percent C. 5.72 Percent D. 6.70 Percent E. None of the above