McGaha Enterprises expects earnings and dividends to grow at a rate of 25% for the next 4 years, after the growth rat in earnings and dividends will fall to zero, i.e., g=0. The company's last dividend, D0, was $1.25, its beta is 1.20 , the market risk premium is 5.50%, and the risk-free rate is 3.00%. What is the current price of the common stock? a. $29.05 b. $26.77 C. $31.42 d. $30.21 e. $27.89