$43.50 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. $48.25

b. $48.76

c. $48.42

d. $48.93

e. $48.59