Bobby is thinking about investing in shares of Deacon Corp. Bobby estimates that the company will pay a $2.30 per share dividend next year, with a constant dividend growth rate of 5.5%. Using the constant growth dividend discount model Bobby estimates his required return is 14.7%. If the market price utilizes the same dividend and growth rate expectations but values the shares the shares using a required return of 11.7%, which valuation will be higher and should Bobby buy any shares? a. Bobby's valuation will be higher than the market valuation. Bobby should not buy shares b. Bobby's valuation will be higher than the market valuation, Bobby should buy shares c. The market valuation will be higher than Bobby's valuation, Bobby should not buy shares d. The market valuation will be higher than Bobby's valuation, Bobby should buy shares