Orwell building supplies' last dividend was $1.75. Its dividend growth rate is expected to be constant at 46.00% 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. $59.75

b. $58.77

c. $57.79

d. $60.73

e. $61.71