A firm has a WACC of 15%. It is financed with 25% debt and 75% equity. The firms cost of debt is 12% and its tax rate is 34%. If the firms dividend growth rate is 6% and its current stock price is $50, what is the value of the next dividend the firm is expected to pay?

a. Less than $5.50

b. Between $5.51 and $5.75, inclusive

c. Between $5.76 and $6.00, inclusive

d. Greater than $6.00

e. Cannot be determined without additional information