The XYZ Company paid $0.95 dividend yesterday. Its dividend growth rate is expected to be constant at 22.50% for 2 years, after which dividends are expected to grow at a rate of 6.45% forever. Its required return (rs) is 12.85%. What is the best estimate of the current stock price? Round your answer to two decimal places. For example, if your answer is $345.6671 round as 345.67 and if your answer is .05718 or 5.7182% round as 5.72.

a. $20.77

b. $17.24

c. $18.07

d. $16.20

e. $20.15