Candice Industries just came out with a product patent that will revolutionize the industry it serves. Because of this development, it is expecting the dividends it pays to grow at a rate of 8 percent over the next ten years and then settle down to a 3 percent growth rate thereafter. Its current dividend just paid was $1.75. If the required return on the stock is 8 percent, what is Candice's current share price? a. Cannot be determined since the dividend growth rate initially exceeds the required rate of return. Car b. 550.78 c. $101.56 d. $76.67 e. $67.88