Suppose a firm expects EPS of $1.50 for the end of the period and expects to maintain a dividend payout ratio of 60 percent. If the firm's price-earnings ratio is 7.8, and its return on equity is 10 percent, what is its required rate of return? (Please choose the closest answer) O a. 9 percent O b. 11.7 percent O c. 10.7 percent O d. 9.7 percent O e. 7.7 percent