Whitehall Camps Recently Paid Its Annual Dividend of $1

Whitehall Camps recently paid its annual dividend of $1.42 a share.These dividends have been increasing by 2.2 percent each year and are expected to continue this trend.What is the cost of equity if the stock sells for $22.89 a share?

A) 8) 54%
B) 9) 38%
C) 7) 29%
D) 7) 58%
E) 6) 82%