Tapley Tank Company's last dividend was $3.00. The dividend growth rate is expected to be constant at 40% for 3 years, after which dividends are expected to grow at a rate of 7% forever. Tapley's required return (rs) is 11%. What is Tapley's current stock price?

Select the correct answer.

$175.02

$175.59

$177.30

$176.16

$176.73