The Down and Out Co. just issued a dividend of $2.36 per share on its common stock The company is expected to maintain a constant 5 percent growth rate in its dividends Indefinitely. If the stock sells for $40 a share, what is the company's cost of equity? (Do not round your intermediate calculations.) Multiple Choice 6.3295 6.32% 11.2% 10.64% 11.75% 10.9%