A stock pays a current dividend of DIV0 = $4.00. Over the next 3 years the firm expects a super growth period where g1 = 50% per year for the next 3 years. After 3 years the Long-term constant growth rate is expected to be g2 = 4.0%. Assuming that the required return is r = 14.0%, estimate price using the non-constant DDM.

		$116.07
		$104.56
		$41.60
		$140.40