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 $8$ years and then level off to a growth rate of $8$ percent indefinitely.

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

Multiple Choice

$$93\mathrm{.}98$

$$118\mathrm{.}87$

$$2\mathrm{.}90$

$$121\mathrm{.}24$

$$116\mathrm{.}49$