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Orwell building supplies' last dividend was $1.75. Its dividend growth rate is expected to be constant at 39.00% for 2 years, after which dividends are

Orwell building supplies' last dividend was $1.75. Its dividend growth rate is expected to be constant at 39.00% 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. $52.48
b. $55.20
c. $53.84
d. $51.12
e. $49.76

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