Orwell building supplies' last dividend was $1.75. Its dividend growth rate is expected to be constant at 20.00% 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?

Select the correct answer.

a. $40.90

b. $39.88

c. $41.41

d. $40.39

e. $39.37