You are estimating a company's WACC. Its common stock has a beta of 0.56. Common shareholders recently received a $1.56 per share annual dividend. The current yield for Government of Canada treasury bills is 2.30%. In the past, its cash dividend has steadily grown at 4.1% per year. The expected return for the market is 12.40%. Calculate the return on equity for the company, Select one: a. 7.75% b. 7.82% c. 7.78% d. 8.15% e. 7.96%