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Ackert Company's last dividend was $3.75. The dividend growth rate is expected to be constant at 1.5% for 2 years, after which dividends are expected

Ackert Company's last dividend was $3.75. The dividend growth rate is expected to be constant at 1.5% for 2 years, after which dividends are expected to grow at a rate of 6.0% forever. The firm's required return (rs) is 10.0%. What is the best estimate of the current stock price? Do not round intermediate calculations.

a. $91.26
b. $100.04
c. $94.34
d. $83.57
e. $95.01

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