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The Ramirez Company's last dividend was $1.75. Its dividend growth rate is expected to be constant at 22% for 2 years, after which dividends are

The Ramirez Company's last dividend was $1.75. Its dividend growth rate is expected to be constant at 22% for 2 years, after which dividends are expected to grow at a rate of 6% forever. Its required return (rs) is 12%. What is the best estimate of the current stock price? Do not round intermediate calculations. Select one: a. $33.35 b. $44.73 c. $40.67 d. $39.04 e. $44.33

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