Nachman Industries just paid a dividend of Do = $1.25. Analysts expect the company's dividend to grow by 30% this year, by 10% in Year 2, and at a constant rate of 4% in Year 3 and thereafter. The required return on this low-risk stock is 9.00%. What is the best estimate of the stock's current market value? Do not round intermediate calculations. 00 00 00 00 a. $34.29 00 00 00 b. $33.09 c. $31.71 d. $42.11 1.00 e. $35.54