Gardner Electric has a beta of 0.88 and an expected dividend growth rate of 4.00% per year. The T-bond rate is 5.25%. The annual return on the stock market during the past 4 years was 10.25%. Investors expect the average annual future return on the market to be 14.00%. Using the SML, what is the firm's required rate of return? Select the correct answer. a. 10.95% b. 11.45% c. 11.95% d. 12.45%