Question: need some help solving this step by step without excel thank you! A company's share price is currently $4.72. Its most recent dividend was 50

need some help solving this step by step without excel thank you!

A company's share price is currently \$4.72. Its most recent dividend was 50 cents per share; dividends are expected to grow indefinitely at a rate of 4% pa and the tax rate is 30%. The company's before-tax cost of retained earnings is: Select one: A. 19.74% 19.74% B. 14.59% C. 19.13% D. 15.02%

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