The next dividend payment by Savitz, Incorporated, will be $$3\mathrm{.}95$ per share. The

dividends are anticipated to maintain a growth rate of $5$ percent forever.

If the stock currently sells for $$56$ per share, what is the required return?

Multiple Choice

$12\mathrm{.}05\%$

$11\mathrm{.}45\%$

$5\mathrm{.}00\%$