Tiger Inc. recently paid a dividend of $2.00 per share and its stock currently sells for $69 per share. Analysts predict the company will grow at a constant rate of 6 percent per year. Tiger Inc wants to offer new stock, this will incur a Flotation Cost of 19 percent. What is the companys required rate of return on their new common stock?

a. 6.03%

b. 9.58%

c. 9.79%

d. 8.09%

e. 9.07%