1. Orwell Building Supplies' last dividend was $1.75. Its dividend growth rate is expected to be constant at 25% for 2 years, after which dividends are expected to grow at a rate of 6% forever. Its required return (r _s) is 12%. What is the best estimate of the current stock price?

   	a.	$44.80
   	b.	$43.71
   	c.	$42.64
   	d.	$41.58
   	e.	$45.92