K's Fashions is growing quickly. Dividends are expected to increase by 8.80% annually for the next three years, with the growth rate falling off to a constant rate of 2.10% thereafter. The required return is 12.40% and the company just paid its annual dividend of $5.40 per share. What is the current share price?

a.

$63.73

b.

$19.40

c.

$48.55

d.

$16.16

e.

$72.92