Thames Inc.'s most recent dividend was $2.40 per share (D0 = $2.40). The dividend is expected to grow at a rate of 6% per year. The risk-free rate is 5% and the market risk premium is 4%. If the company's beta is 1.3, what is the price of the stock today?

a. $72.14

b. $57.14

c. $40.00

d. $68.06

e. $60.57