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A stock expects to pay a dividend of $3.72 per share next year. The dividend is expected to grow at 25 percent per year for

A stock expects to pay a dividend of $3.72 per share next year. The dividend is expected to grow at 25 percent per year for three years followed by a constant dividend growth rate of 4 percent per year in perpetuity. What is the expected stock price per share 5 years from today, if the required return is 12 percent? A. $86.29 B. $98.23 C. $141.91 D. $77.05

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