The Great Indoors sells carpet and floor coverings. The company will pay stockholders a $1.10 quarterly dividend later this afternoon. Investors anticipate that the company will increase this dividend by a constant 1.5% percent per quarter. If investors require a 12.00% annual return with quarterly compounding, what is the current stock price?

A) $73.33

B) $74.43

C) $10.48

D) $75.53

E) $10.63