The common stock of XYZ sells for $27.50.The firm's beta = 1.2, the risk-free rate is 4%, and the market risk premium is 8%.Next year's dividend is expected to be $1.50.Assuming that dividend growth is expected to remain constant for XYZ over the foreseeable future, what is the firm's anticipated dividend growth rate?

A)7.6%

B)7.8%

C)8.1%

D)9.2%

E)10.1%