A7X Corporation just paid a dividend of $1.50 per share. The dividends are expected to grow at 40 percent for the next 7 years and then level off to a growth rate of 6 percent indefinitely. If the required return is 14 percent, what is the price of the stock today?

a. 109.68

b. 107.48

c. 83.73

d. 111.87

e. 3.08