The ordinary shares of CLTE Ltd are currently being traded at $60. A dividend of $8 was paid last week and the next dividend is due a year from now. CLTE Ltd pays fully franked dividend and faces a 30% corporate tax rate. The dividend of CLTE Ltd is expected to grow at 25%. What are the before-tax cost and after tax cost of retained earnings for CLTE Ltd respectively. Select one: a. 41.67% ; 48.8% b. 48.8% ; 41.67% c. 23.8% ; 16.6% d. 0.488% ; 0.416%