Tomas Enterprises expects earnings and dividends to grow at a rate of 25% for the next 4 years, after the growth rate in earnings and dividends will fall to zero, i.e., g-o. The company's last dividend, DO, was $1.25, its beta is 1.50, the market risk premium is 4.00%, and the risk-free rate is 3.00%. What is the current price of the common stock? Set your calculator to at least 4 decimal places. $26.77 $27.89 $29.05 $30.21 $31.15