A7X Corp. just paid a dividend of $1.60 per share. The dividends are expected to grow at 30 percent for the next 9 years and then level off to a growth rate of 7 percent indefinitely.

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

Multiple Choice

$79.75

$111.33

$106.96

$109.15

$3.28