Fowler is expected to pay a dividend of $1.89 one year from today and $2.04 two years from today. The company has a dividend payout ratio of 35 percent and the PE ratio is 19.35 times. If the required return on the company's stock is 12.3 percent, what is the current stock price?

a. 51.46

b. 92.73

c.32.98

d.96.44

e. 89.43

Hey I am having a little trouble with this question is there anyway someone could tell me how to do the problem. It would be greatly appreciated.