$31.50 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. $36.23

b. $36.61

c. $35.85

d. $35.47

e. $36.99