The market consensus is that Racing Inc. has an ROE =12%, a beta of 1.2, and plans to maintain indefinitely its traditional retention ratio of 0.5. End of year's earning is forecasted to be $5 per share. The annual dividend was just paid. The consensus estimate of the coming year's market returns is 12%, and T-bills currently offer a 2% return. Find the price at which Racing Inc. stock should sell today. (rounded to the 2 decimal places) O a None of the other choices O b. $35.62 O c. $32.50 Od $31.25