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You anticipate that Liebendauer Enterprises ( ticker: LBE ) will have earnings per share of $ 5 this year. Furthermore, you expect that they will

You anticipate that Liebendauer Enterprises (ticker: LBE) will have earnings per share of $5 this year. Furthermore, you expect that they will pay out $1.50 of these earnings to shareholders in the form of a dividend at the end of this year. You estimate that LBE's return on new investments is 13% and their equity cost of capital is 11%. Your expected growth rate for LBE's dividends will be closest to:
A.9.1%
B.7.7%
C.5.5%
D.3.6
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