You have a required rate of return 9% on your investments. You are targeting a firm that has an expected dividend of $2.80. Over the last several years, the firm's dividend has increased at a rate 6.5%. What price should you pay for the stock?

a. less than $100

b. Between $100 and $110

c. Between $110 and $120

d. between $120 and $130

e. Greater than $130