Gay Manufacturing is expected to pay a dividend of $1.25 per share end year (D1 = $1.25). The stock sells for $32.50 per share, and its required rate of return is 10.5%. The dividend is expected some constant rate, g, forever. What is the equilibrium to grow at expected growth rate? a. 6.01% b. 6.17% c. 6.33%. d. 6.49% e. 6.65%