Schnusenberg Corporation just paid a dividend of D₀ = $0.75 per share, and that dividend is expected to grow at a constant rate of 6.50% per year in the future. The company's beta is 1.70, the required return on the market is 10.50%, and the risk-free rate is 4.50%. What is the company's current stock price?

a. $7.40

b. $9.74

c. $10.52

d. $7.70

e. $7.89