To help estimate its cost of common equity, Maxwell and Associates recently hired you. You have obtained the following data: the most recent dividend that the firm paid is $$0\mathrm{.}90$; the current stock price is $$27\mathrm{.}50$; and the dividend is expected to grow at a constant rate of $7\mathrm{.}00\%.$ What is the cost of common equity from reinvested earnings?

$9\mathrm{.}68\%$

$10\mathrm{.}92\%$

$10\mathrm{.}50\%$

$9\mathrm{.}29\%$

$10\mathrm{.}08\%$