dre lest: Quiz 3 Remaining Time: 2 minutes, 1 seconds. Question Completion Status: w Fire Hydrant Pet Supply just paid its first annual dividend of $0.75 a share. The firm plans to increase the dividend by 2.9 percent per year indefinitely. What is the firm's cost of equity if the current stock price is $16.90 per share? A. 14.64 percent B. 7.47 percent C. 9.78 percent D. 4.33 percent E. 5.34 percent