11. McGaha Enterprises expects earnings and dividends to grow at a rate of 25% for the next 4 years after the growth rate in earnings and dividends will fall to zero, i.e., g = 0. The company's last dividend, Do. was $1.25, its beta is 1.20, the market risk premium is 5.50%, and the risk-free rate is 3.00%. What is the current price of the common stock? 26.77 27.89 29.05 30.21