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The Francis Company is expected to pay a dividend of D 1 = $ 1 . 8 0 per share at the end of the

The Francis Company is expected to pay a dividend of D1=$1.80 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 0.70, the market risk premium is 5.50%, and the risk-free rate is 3.50%. What is the company's current stock price? Do not round intermediate calculations.
a. $30.00
b. $133.33
c. $24.49
d. $141.33
e. $60.00
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