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 0.70, 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? Do not round intermediate calculations.

	a.	$31.95
	b.	$31.59
	c.	$39.21
	d.	$36.31
	e.	$28.68