$11$ First Energy stock recently paid its annual dividend of $$1\mathrm{.}44.$ If the market rate of return is $9\%$ the risk free rate is $1\mathrm{.}5\%,$ and the stocks beta is $2\mathrm{.}35,$ using a $6\%$ growth rate, value this stock.

a$.,17\mathrm{.}04$

b$.16\mathrm{.}03$

c$.12\mathrm{.}22$

d$.10\mathrm{.}70$