Applied Materials Inc. (Symbol: AMAT) has the following financial statistics: stock price = $19.08, market cap = $25.83 billion, beta = 0.3, dividend payout ratio = 23%, EPS = $1.10, Expected DPS = $0.24, analyst forecast of earnings growth rate = 12%. Based on the constant growth valuation model and using only the data provided, what expected rate of return is priced into the stock?

A.		12.01%
B.		13.26%
C.		35%
D.		None of the above