McGaha Enterprises expects earnings and dividends to grow at a rate of $38\%$ for the next $4$ years, after the growth rate in earnings and dividends will fall to zero, i$.$e$.,$ g $=0.$ The company's last dividend, D$0,$ was $$1\mathrm{.}25,$ its beta is $1\mathrm{.}20,$ the market risk premium is $5\mathrm{.}50\%,$ and the risk$-$free rate is $3\mathrm{.}00\%.$ What is the current price of the common stock?

Select the correct answer.

a$.$ $$40\mathrm{.}46$

b$.$ $$41\mathrm{.}19$

c$.$ $$41\mathrm{.}92$

d$.$ $$39\mathrm{.}73$

e$.$ $$42\mathrm{.}65$