Francis Firm is expected to pay a dividend of D_1 = $1.25 at the end of the first year, and that dividend is expected to grow at a constant annual rate of 6% in future. The firm's beta is 1.15, market risk premium is 5.50%, and risk-free rate is 4%. What is its current stock price? $30.36 $29.62 $31.12 $31.90 $28.90