TalixPartners Inc. has just paid a dividend of $3.50. The current stock price for the firm is $35.98. If you estimate that the dividends will grow at a constant growth rate of 2.15% per year, what is the implicit rate of return that the investors are demanding from holding the firm's stock. a. 12.087% b. 13.294% c. 12.672% d. 14.018% e. None of the above