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 42% for the next 4 years, after which competition will probably reduce the growth rate in earnings and dividends to zero, i.e., go. The company's last dividend, Do, was $1.50, its beta is 1.10, the market risk premium is 5-50%, and the risk-free rate is 3.20%. What is the current price of the common stock? Do not round intermediate calculations. O a $57.20 b. $59.84 c. $59.46 d. $63.74 e. $58.34)