UltraBeauty Company hired you as a consultant to help them estimate its cost of capital. You have been provided with the following data: D1 = $1.45; P0 = $22.50; and g = 6.50% (constant). Based on the DCF approach, what is the cost of common from retained earnings? Group of answer choices

A.) 11.68%

B.)12.30%

C.) 12.94%

D.) 13.59%