5. Chapter MC, Section 09, Problem 082.Algo Church Inc. is presently enjoying relatively high growth because of a surge in the demand for its new product. Management expects earnings and dividends to grow at a rate of 25% for the next 4 years, after which competition will probably reduce the growth rate in earnings and dividends to zero, i.e, g-0. The company's last dividend, Do, was $1.25, its beta is 1.30, the market risk premium is 5.50%, and the risk-free rate is 2.90 %. What is the current price of the common stock? Do not round intermediate calculations. a. $27.65 b. $28.90 c. $28.35 d. $30.43