The Down and Out Co. just issued a dividend of $2.76 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 $60 a share, what is the company's cost of equity? (Do not round your intermediate calculations.) Multiple Choice 10.88% 11.42% 10.33% O 10.6% O 4.98%