The Sisyphean Company's common stock is currently trading for $28 per share. The stock is expected to pay a $2.4 dividend at the end of the year and the Sisyphean Company's equity cost of capital is 11%. If the dividend payout rate is expected to remain constant, then the expected growth rate in the Sisyphean Company's earnings is closest to:

a. 2.43%

b. 4.86%

c. 1.22%

d. 3.65%