Billy's Boat Repair Corp. will pay an annual dividend of $1.65 a share next year with future dividends increasing by 3.40 percent annually. What is the market rate of return if the stock is currently selling for $32.55 a share? Select one: a. 8.47 percent b. 9.32 percent c. 8.05 percent d. 10.59 percent e. 7.62 percent