The Isberg Company just paid a dividend of $1.90 per share, and that dividend is expected to grow at a constant rate of 5.50% per year in the future. The company's beta is 0.60, the market risk premium is 5.00%, and the risk-free rate is 3.50%. What is the company's current stock price, P₀? Do not round intermediate calculations.

a. $66.82

b. $190.00

c. $63.33

d. $36.45

e. $200.45