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Today FGK Limited's stock sells for $28 and it expects to pay an upcoming dividend of $1.54 per share. The company has a policy of

Today FGK Limited's stock sells for $28 and it expects to pay an upcoming dividend of $1.54 per share. The company has a policy of reinvesting 41% of its earnings. If investors expect require a total return of 11.00%, what is the firms return on equity?

A) 13.41%

B) 26.83%

C) 9.32%

D) 18.64%

E) 10.32%

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