Welch's Lawn Care products just paid a dividend of $1.85. This dividend is expected to grow at a constant rate of 3% per year. The stock price is currently $12.50. The company's marginal tax rate is 35%. Compute the cost of common equity. O 11.86% 15.26% O 11.57 % O 17.80% 18.24%

Welchs Lawn Care products just paid a dividend of $1.85. This dividend is expected to srow at a constant rate of 3% per vear. The stock price is currently $12.50. The compam/s marginal tax rate is 35%. Compute the cost of common equity. atus pesen 1157 17mex as aes