Enigma Integrated Systems Inc. is expected to pay a year-end dividend of $1.50 per share (i.e. D1 = $1.50), and that dividend is expected to grow at a constant rate of 3.00% per year in the future. The company's beta is 0.90, the market risk premium is 5.00%, and the risk-free rate is 3.50%. What is the company's current stock price?

a. $24.75

b. $27.00

c. $30.00

d. $33.33

e. $37.50