Wharton Manufacturing just paid its annual dividend in the amount of $1.05. The company will increase its dividends by 25 percent per year for the next 7 years, after that the company will keep a constant growth rate of 3 percent per year, forever. If the required return is 11 percent, what is the current stock price of Wharton Manufacturing? a. $43.20 b. $40.93 C. $46.83 d. $38.87 e. $36.71