Islander Corporation's common stock will pay a dividend of $3.50 one year from now. The annual dividend growth rate is 6% over two years after that. You plan to buy the stock now and sell at the end of third year for $80. At what price must you buy in order to receive your required return of 19%?

a.) $74.86

b.) $55.37

c.) $29.17

d.) $62.29

e.) $56.71