The Francis Company is expected to pay a dividend of $D_1=$$$1\mathrm{.}25$ per share at the end of the year, and that dividend is expected to grow at a constant rate $c6\mathrm{.}00\%$ per year in the future. The company's beta is $0\mathrm{.}85,$ the market risk premium is $5\mathrm{.}50\%,$ and the risk$-$free rate is $4\mathrm{.}00\%.$ What is the company's currer stock price? Do not round intermediate calculations.

a$.$ $$46\mathrm{.}73$

b$.$ $$51\mathrm{.}40$

c$.$ $$54\mathrm{.}21$

d$.$ $$47\mathrm{.}66$

e$.$ $$49\mathrm{.}53$