10. Company X has 90 shares outstanding. It earns $1,000 per year in perpetuity and wants to repurchase its shares on the open market instead of paying dividends next year. Calculate the number of shares that can be repurchased in lieu of a dividend payment immediately before the next payment date. Assume a required return is 10%. A) 10 B) 11 C) 9.1 D) 8.2 E) None of the above