A company plans to retain and reinvest all of their earnings for the next $30$ years. Investors believe that, beginning in year $31,$ the firm will begin to pay a dividend of $$12\mathrm{.}00$ per share. The dividend will increase at a $6\%$ rate annually forever. Given a required rate of return of $15\%,$ the stock should sell today for

$$1\mathrm{.}64$

$$2\mathrm{.}01$

$$4\mathrm{.}39$

$$1\mathrm{.}21$