National Advertising just paid a dividend of D₀ = $0.85 per share, and that dividend is expected to grow at a constant rate of 6.05% per year in the future. The company's beta is 1.21, the required return on the market is 10.75%, and the risk-free rate is 4.25%. What is the company's current stock price? Note: Do not round intermediate calculations.

Group of answer choices

$14.86

$13.35

$15.23

$13.74

$14.12