Your company had net income of $120,000 for the year just ended.Dividends of $72,750 were paid on the company's beginning equity of $1,320,000.If the company has 92,000 common shares outstanding with a current market price of $11.25 per share, what is the required rate of return on the shares assuming a constant sustainable growth rate of dividends?

Question 14 options:

A)10.86%

B)11.13%

C)11.40%

D)11.67%

E)11.95%