$24.50 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. $27.84

b. $28.46

c. $28.77

d. $28.15

e. $27.53