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Orwell building supplies' last dividend was $ 1 . 7 5 . Its dividend growth rate is expected to be constant at 1 6 .

Orwell building supplies' last dividend was $1.75. Its dividend growth rate is expected to be constant at 16.00% for 2 years, after which dividends are expected to grow at a rate of 6% forever. Its required return (rs) is 12%. What is the best estimate of the current stock price?
Select the correct answer.
a. $36.85
b. $35.13
c. $37.71
d. $34.27
e. $35.99

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