Lowell Industries expects to pay a $5.00 per share dividend on its common stock at the end of the year (D1 = $5.00). The dividend is expected to grow 20 percent a year until t = 4, after which time the dividend is expected to grow at a constant rate of 6 percent a year. The stocks beta is 1, the risk-free rate of interest is 6 percent, and the rate of return on the market is 17 percent. What is the companys current stock price?

a. $41.96

b. $62.2

c. $100.00

d. $96.41

e. $56.47