Scipio Auto is expecting its earnings and dividends to grow at a rate of 19% next 5 years. After the period, the firm is expecting to grow at the industry average of 5% forever. If the firm recently paid a dividend of $1.25, and the required rate of return is 12%, what is the most you should pay for this company's stock?

a. $21.28

b. $27.08

c. $32.91

d. $53.52