XYZ Ltd just paid a dividend of 0.75 on its equity. The growth rate of dividends is expected to be a constant 4% per year indefinitely. Investors require a 16% return on equity for the first two years, a 13% return for the next three years, and a 10% return thereafter. What is the current share price? (a) 6.25 (b) 8.67 (c) 10.95 (d) 13.00 (e) None of the above answers are correct