A firm is expected to pay a dividend of $3.36 in the upcoming year. Dividends are expected to grow at 9% per year. The risk-free rate of return is 4%, and the expected return on the market portfolio is 14%. Investors use the CAPM to compute the market capitalization rate and use the constant-growth DDM to determine the value of the stock. The stock's current price is $84. Using the constant-growth DDM, the market capitalization rate is _________.

	A.	10%
	B.	17%
	C.	13%
	D.	12%