Preferred stock in Blue Agate Inc. is issued for dividends of $3.00 per share. The dividends will increase each year at 0.178%, a growing perpetuity. The required rate of return on a stock such as this is 2.5%. At what approximate price will this preferred stock most likely sell today? 

a. $117.21

b. $119.87

c. $120.00

d. $129.20