Schnusenberg Corporation Just Paid a Dividend of D₀ = $0

Schnusenberg Corporation just paid a dividend of D₀ = $0.75 per share,and that dividend is expected to grow at a constant rate of 6.50% per year in the future.The company's beta is 1.70,the required return on the market is 10.50%,and the risk-free rate is 4.50%.What is the company's current stock price? Do not round intermediate calculations.

A) $10.52
B) $7.40
C) $7.89
D) $9.74
E) $7.70