Soju Ltd is currently trading at $39, and recently paid an annual dividend of $4.5. If it is expected to pay annual dividends and maintain a retention ratio of 30% and a ROE of 8% (annually), what is...

Extracted text: Soju Ltd is currently trading at $39, and recently paid an annual dividend of $4.5. If it is expected to pay annual dividends and maintain a retention ratio of 30% and a ROE of 8% (annually), what is the required rate of return per year based on the market price? O 11.82% O 14.55% O 11.54% O 13.94% O 14.22%