The Last Paid Dividend Is $2 for a Share of Ordinary

The last paid dividend is $2 for a share of ordinary shares that is currently selling for $20.What is the cost of ordinary equity if the long-term growth rate in dividends for the firm is expected to be 8%?

A) 10.8%
B) 12.8%
C) 14.8%
D) 16.8%
E) 18.8%