Sorenson Corp.'s expected year-end dividend is D1 = $1.60, its required return is rs = 9.00%, 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 8 years, i.e., what is P8? Do not round intermediate calculations. a. $42.50 b. $33.78 c. $32.80 d. $27.47 e. $53.14