An issue of preferred stock is paying an annual dividend of $$5\mathrm{.}00.$ The growth rate for the firm's common stock is $6\%.$ What is the preferred stock price if the required rate of return is $7\%?$

Note: Round your answer to $2$ decimal places.

Multiple Choice

$$76\mathrm{.}43$

$$73\mathrm{.}93$

$$71\mathrm{.}43$

$$68\mathrm{.}93$