The Ordinary Equity of Eddie's Engines, Inc

The ordinary equity of Eddie's Engines, Inc.sells for €25.71 a share.The equity is expected to pay €1.80 per share next month when the annual dividend is distributed.Eddie's has established a pattern of increasing its dividends by 4% annually and expects to continue doing so.What is the market rate of return on this equity?

A) 7%
B) 9%
C) 11%
D) 13%
E) 15%