Marcel Co. is growing quickly. Dividends are expected to grow at a 19 percent rate for the next 3 years, with the growth rate falling off to a constant 5 percent thereafter. Required: If the required return is 9 percent and the company just paid a $3.00 dividend. what is the current share price? (Do not round your intermediate calculations.)

a.$110.96

b.$104.77

c.$113.23

d$115.49

e. $109.32