The Francis Company is expected to pay a dividend of D1 = $1.25 per share at the end of the year, and that dividend is expected to grow at a constant rate of 6.00% per year in the future. The company's beta is 0.85, the market risk premum is 5.50%, and the risk- free rate is 4.00%. What is the company's current stock price? Do not round intermediate calculations. (Hint: Use the SML equation to calculate each stock's required rate of return) O a. $46.73 Ob. $49.53 O c. $47.66 Od: $51.40 Oe. $54.21