Sorenson Corp.'s expected year-end dividend is D₁ = $3.70, its required return is r_s = 11.00%, 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 5 years, i.e., what is P₅? Do not round intermediate calculations.

a. $74.96

b. $103.91

c. $82.52

d. $78.70

e. $64.75