The Francis Company is expected to pay a dividend of D1 = $2.30 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 0.80, the market risk premium is 5.50%, and the risk-free rate is 4.50%. What is the company's current stock price? Do not round intermediate calculations.

a. $38.33

b. $57.50

c. $84.07

d. $25.84

e. $79.31