A$7$X Corporation just paid a dividend of $$1\mathrm{.}30$ per share. The dividends are expected to grow at $30$ percent for the next $8$ years and then level off to a growth rate of $9$ percent indefinitely.

If the required return is $12$ percent, what is the price of the stock today?

Multiple Choice

$$1\mathrm{.}67$

$$173\mathrm{.}62$

$$177\mathrm{.}16$

$$180\mathrm{.}70$

$$155\mathrm{.}61$