The Cannon Company just paid a dividend, Do, of $0.50 per share, and that dividend is expected to grow at a constant rate of 6% per year in the future. The company's beta is 1.2, the market risk premium is 5%, and the risk-free rate is 3%. What is the company's current stock price? HINT: First, use the CAPM equation to find ts, and proceed to find Po. $16.25 $19.25 $17.67 $21.25