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 22% for the next 4 years, after which competition will probably reduce the growth rate in eamings and dividends to zero, i.e., g =0. The company's last dividend, Do, was $1.25. its beta is 1.20, the market risk premium is 5.50%, and the risk-free rate is 3.00% What is the current price of the common stock? Do not round intermediate calculations. a) $23.39 b) $26.57 OC) $32,69 d) $27.37 e) $28.97