UltraFlex Diving Boards, Inc. will pay a dividend of $$2\mathrm{.}3$ next year. If the firm's growth in dividends is expected to remain at a flat $3$ percent forever, then what is the cost of equity capital for Ultra Flex Diving Boards if the price of its common shares is currently $$30\mathrm{.}00?$

$8\mathrm{.}70\%$

$9\mathrm{.}51\%$

$11\mathrm{.}5\%$

$10\mathrm{.}67\%$