The Drogon Co. just issued a dividend of $2.31 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 $35 a share, what is the company's cost of equity? Multiple Choice 11.93% 11.6% 12.53% 7.07 Multiple Choice 11.93% 11.6% 12.53% 707% 11.33%