C $18.$ The Ramiro Compang's last dividend $($D$)$ wns S$1\mathrm{.}75.$ Its dividend growth rate is expected to be constant at $22\%$ for $2$ ycars, afler which dividends are expested to grow at a rate of $6\%$ forever. Its required retum $($ra$)$ is $12\%.$ What is the best estimate of the Current stock price? Do not round intermediate calculations. Assume market equilibrum.

a$.$ $$33\mathrm{.}35$

b$.$ $$44\mathrm{.}73$

c$.$ $$40\mathrm{.}67$

d$.$ $$39\mathrm{.}04$