Tangshan China's stock is currently selling for $160.00 per share and the firm's dividends are expected to grow at 6 percent indefinitely. Assuming Tangshan China's most recent dividend was $2.1, what is the required rate of return on Tangshan's stock?

Select one:

a. 8.6%

b. 10.6%

c. 7.3%

d. 9.4%