The Ramirez Company's last dividend was $1.75. Its dividend growth rate is expected to be constant at 25% for 2 years, after which dividends are expected to grow at a rate of 6% forever. Its required return (r) is 12%. What is the best estimate of the current stock price?
A. 41.58
B. 42.64
c. 43.71
d. 44.80
e. 45.92