You are charged with the valuation of Hurst Company's stock. You have access to the following information: Hurst dividends are expected to grow at a rate of 10% for the next three years, after which growth will taper to a constant rate of 5%. Hurst's beta is 1.5, the current yield on Treasury bills is 3% and the return on the market is 7%. Hurst Company recently paid a dividend of $2. What is the stock's current price? a) $57.09 b) $61.66 c) $62.69 d) $67.71 e) $59.97