Popovich Industries stock is valued at $10.00 a share. The firm pays annual dividends that increase at a rate of 2.5 percent annually. Next year's dividend will be $1.10 per share. What is the discount rate on this stock? A. 11.67 percent B. 10.96 percent C. 14.09 percent D. 12.14 percent E. 13.50 percent.