$24.00 per share is the current price for Foster Farms' stock. The dividend is projected to increase at a constant rate of 5.50% per year. The required rate of return on the stock, r_s, is 9.00%. What is the stock's expected price 3 years from today?

Select the correct answer.

a. $27.04

b. $26.05

c. $25.72

d. $26.38

e. $26.71