The Ramirez Company's last dividend was $1.75. Its dividend growth rate is expected to be constant at 44% for 2 years, after which dividends are expected to grow at a rate of 6% forever. Its required return (r_s) is 12%. What is the best estimate of the current stock price? Do not round intermediate calculations.

Group of answer choices

$46.69

$49.50

$56.25

$70.31

$43.31