Dyer Furniture is expected to pay a dividend of D1 = $1.25 per share at the end of the year, and that dividend is expected to grow at a constant rate of 6.00% per year in the future. The company's beta is 0.65, the market risk premium is 5.50%, and the risk-free rate is 4.00%. What is Dyer's current stock price?

a. $82.09

b. $81.41

c. $80.05

d. $80.73

e. $79.37