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You anticipate that Liebendauer Enterprises (ticker: LBE) will have earnings per share of $4 this year. Furthermore, you expect that they will pay out $1.25

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You anticipate that Liebendauer Enterprises (ticker: LBE) will have earnings per share of $4 this year. Furthermore, you expect that they will pay out $1.25 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 14% and their equity cost of capital is 12%. Your expected growth rate for LBE's dividends will be closest to: A. 8.3% B. 9.6% C. 5.8% OD. 3.8%

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