UltraFlex Diving Boards, Inc. just paid a dividend of $$1\mathrm{.}50.$ If the firm's growth in dividends is expected to remain at a flat $4$ percent forever, then what is the cost of equity capital for Ultra Flex Diving Boards if the price of its common shares is currently $$26\mathrm{.}00?$A$.10\%$

B$.6\mathrm{.}0\%$

C$.5\mathrm{.}77\%$

D$.9\mathrm{.}77\%$