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UltraFlex Diving Boards, Inc. just paid a dividend of $$1\mathrm{.}50.$ If the firm's growth in dividends is expected to remain at a flat rate $4$ percent forever, what is the cost of equity capital for Ultra Flex Diving Boards if the price of its common shares is currently $$26\mathrm{.}00?$

$5\mathrm{.}77\%$

$10\mathrm{.}00\%$

$6\mathrm{.}00\%$

$9\mathrm{.}77\%$