A7X Corp. just paid a dividend of $1.35 per share. The dividends are expected to grow at 30 percent for the next 10 years and then level off to a growth rate of 9 percent indefinitely.

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

a) 3.63

b) 109.44

c) 139.26

d) 136.47

e) 142.05