Fowler is expected to pay a dividend of $1.67 one year from today and $1.82 two years from today. The company has a dividend payout ratio of 30 percent and the PE ratio is 18.25 times. If the required return on the company's stock is 11.2 percent, what is the current stock price?

$41.35

$92.51

$96.21

$28.36

$89.54