McGaha Enterprises expects earnings and dividends to grow at a rate of 26% for the next 4 years, after the growth rate in earnings and dividends will fall to zero, i.e., 8 -0. The company's last dividend, Do, 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? Select the correct answer. 5. a. $29.92 7 b. $29.28 B C. $31.84 9. d. $31.20 . . $30.56 10. 11