$33.00 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, rs, is 9.00%. What is the stock's expected price 3 years from today? Select the correct answer.

a. $38.75

b. $38.35

c. $38.15

d. $38.95

e. $38.55

Please, show step by step using Excel or just formular applied. Thank you.