Thames Inc.'s most recent dividend was $2.40 per share. The dividend is expected to grow at 6% per year. The T-bill rate is 5% and the market return rate is 10%. The company's beta is 1.3. What should be the expected price of the stock three years later?

Select one:

a. $64.21

b. $68.06

c. $60.57

d. $55.09

e. $72.14