Question $21(4$ points

Schnusenberg Corporation just pa a dividend of $D_0=$$$0\mathrm{.}75$ per share, and that dividend is expected to grow at a constant rate of $6\mathrm{.}50\%$ per year in the future. The company's beta is $0\mathrm{.}75,$ the required return on the market is $10\mathrm{.}50\%,$ and the risk$-$free rate is $4\mathrm{.}50\%.$ What is the company's current stock price? Do not round intermediate calculations.

$$27\mathrm{.}80$

$$28\mathrm{.}76$

$$31\mathrm{.}63$

$$31\mathrm{.}95$

$$33\mathrm{.}23$