Sorenson Corp.'s expected year-end dividend is D₁ = $1.30, its required return is r_s = 13.00%, its dividend yield is 6.00%, and its growth rate is expected to be constant in the future. What is Sorenson's expected stock price in 6 years, i.e., what is P₆? Do not round intermediate calculations.

a. $30.39

b. $45.11

c. $32.52

d. $23.18

e. $30.73