The Drogon Co: just issued a dividend of $3.52 per share on its common stock. The company is expected to maintain a constant 4.8 percent growth rate in its dividends indefinitely. If the stock sells for $55 a share, what is the company's cost of equity? Suggested Formula(s): Required return: R=P0D1+g D1=D0(1+g) Select one: A. 12.24% B. 6.71% C. 11.51% D. 11.20% E. 12.39%