A public company is expected to begin paying annual dividends at the end of 2026. Based on the set of facts below and using the Gordon Growth method, what is the estimated value of the stock price at the end of 2022? Dividend amount (per share) First Dividend payment Long term growth rate (of earnings & dividends) WACC Cost of Equity (Ke) O $100.00 O $65.87 O $48.75 $46.11 $4.00 Dec. 31, 2026 5% 9% 11%