The market rate of return is 11 percent and the risk-free rate is 2.7 percent. Thompson and Sons has 40 percent more systematic risk than the market and has a growth rate of 3.7 percent. The firm's stock is currently selling at $36 a share and has a dividend yield of 5 percent. What is the firm's cost of equity? Select one: O a. 11.51 percent O b. 14.52 percent. O c. 9.34 percent O d. 10.10 percent e. 10.91 percent