To help estimate its cost of common equity, the Lincoln Company recently hired you. You have obtained the following data: D0 = $0.95; P0 = $27.25; and g = 7.50% (constant). Based on the DCF approach, what is the cost of common equity from reinvested earnings?

A. 9.29%

B. 9.68%

C. 10.50%

D. 11.25%