A$7$X Corporation just paid a dividend of $$1\mathrm{.}25$ per share. The dividends are expected to grow at $35$ percent for the next $8$ years and then level off to a growth rate of $7$ percent indefinitely.

If the required return is $14$ percent, what is the price of the stock today?

Multiple Choice

$$73\mathrm{.}90$

$$98\mathrm{.}88$

$$96\mathrm{.}94$

$$95\mathrm{.}00$

$$2\mathrm{.}76$