Antiques R Us is a mature manufacturing firm. The company just paid a dividend of $$14,$ but management expects to reduce the payout by $8$ percent per year indefinitely.

If you require a return of $18$ percent on this stock, what will you pay for a share today?

Multiple Choice

$$49\mathrm{.}04$

$$53\mathrm{.}85$

$$128\mathrm{.}80$

$$49\mathrm{.}54$

$$50\mathrm{.}03$