The last dividend paid by Coppard Inc. was $1.40. The dividend growth rate is expected to be constant at 15% for 3 years, after which dividends are expected to grow at a rate of 6% forever. If the firm's required return (r _s) is 12%, what is its current stock price?

Answers:	a. $29.52
	b. $32.49
	c. $31.20
	d. $33.50
	e. $34.50