A$7$X Corporation just paid a dividend of $$1\mathrm{.}35$ per share. The dividends are expected to grow at $35$ percent for the next $9$ years and then level off to a growth rate of $8$ percent indefinitely.

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

Multiple Choice

$$4\mathrm{.}46$

$$230\mathrm{.}40$

$$195\mathrm{.}77$

$$235\mathrm{.}01$

$$225\mathrm{.}79$