A7X Corp. just paid a dividend of $1.40 per share. The dividends are expected to grow at 35 percent for the next 8 years and then level off to a growth rate of 9 percent indefinitely. If the required return is 12 percent, what is the price of the stock today?

Multiple Choice $255.05 $3.32 $249.95 $226.65 $260.15