The Sisyphean Company is currently trading for $32.00 per share. The company is expected to pay a $2.50 dividend at the end of the year and its cost of equity is 14%. If the dividend payout rate is expected to remain constant, then the expected growth rate in the Sisyphean Company's earnings is closest to:

Select one:

a.

7.8%

b.

1.6%

c.

6.2%

d.

14%