Chittenden Enterprises has 644 million shares outstanding. It expects earnings at the end of the year to be $920 million. The firm's equity cost of capital is 8%. Chittenden pays out 30% of its earnings in total: 20% paid out as dividends and 10% used to repurchase shares. If Chittenden's earnings are expected to grow at a constant 3% per year, what is Chittenden's share price?

a. $2.57

b. $4.29

c. $8.57

d. $17.14