National Advertising just paid a dividend of D0 = $0.75 per share, and that dividend is expected to grow at a constant rate of 6.50% per year in the future. The company's beta is 0.85, the required return on the market is 10.50%, and the risk-free rate is 4.50%. What is the company's current stock price?

a. $24.77

b. $24.27

c. $26.27

d. $25.27

e. $25.77