Janlea Cohad Total Net Earnings of $127,000 This Past Year and and Paid

Janlea Co.had total net earnings of $127,000 this past year and paid out 30 percent of those earnings in dividends.There are 100,000 shares of stock outstanding at a current market price of $11.62 a share.If the dividend growth rate is 5.6 percent,what is the required rate of return?

A) 14.27%
B) 6.56%
C) 8.88%
D) 24.40%
E) 15.60%