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Use the information to answer the following questions

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Use the information to answer the following questions.

• The last dividend paid by Klein Company was $1.00. 

• Klein's growth rate is expected to be a constant 5% for 2 years, after which dividends are expected to grow at a rate of 10% forever. 

• Klein's required rate of return on equity is 12%. 

What should be the current price of Klein's common stock?

Select one:

a. $21.00

b. $50.16

c. $42.25

d. $58.75

e. $33.33