Harry Trice wants to use the Gordon growth model to find a justified P/E for the French company Carrefour SA. Trailing annual earnings per share $3.22, current level of annual dividends $1.03, dividend growth rate 6 percent. If the cost of capital is 10%, what is the justified trailing P/E? Select one: a. 4.26 b. 8.17 c. 8.74 d. 5.76