Janlea Cohad Total Net Earnings of $158,600 This Past Year and and Paid

Janlea Co.had total net earnings of $158,600 this past year and paid out 60 percent of those earnings in dividends.There are 84,000 shares of stock outstanding at a current market price of $18.43 a share.If the dividend growth rate is 2.8 percent,what is the required rate of return?

A) 14.27%
B) 12.56%
C) 8.95%
D) 10.40%
E) 11.60%