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Ackert Company's last dividend was $4,00. The dividend growth rate is expected to be constant at 1.5% for 2 years, after which dividends are expected

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Ackert Company's last dividend was \$4,00. The dividend growth rate is expected to be constant at 1.5% for 2 years, after which dividends are expected to grow at a rate of 8.0% forever. The firm's required roturn (r0) is 12.0\%. What is the best estimate of the current stock price? Do not round intarmediate calcalations. a. 198.78 b. 5105.65 C. 586.11 d. 599.61 e. $95.61

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