The last dividend paid by Coppard Inc. was $1.25. The dividend growth rate is expected to be constant at 20% for 3 years, after which dividends are expected to grow at a rate of 6% forever. If the firm's required return (rs) is 11%, what is its current stock price? Select the correct answer.

a. $43.20

b. $44.70

c. $43.95

d. $45.45

e. $46.20