Schnusenberg Corporation next dividend of D 1 = $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 required return is 14.7%. What is the company's current stock price?

a. $12.74

b. $9.15

c. $6.88

d. $12.56

e. $8.80