Assume ABC Corp. pays the dividend of $5.50 this year. For the next 35 years, the firm's dividend will grow by 5.2%, then it will grow by 4.5% each year afterwards. The required rate of return for the firm's industry is 11.6%. What is the present value of the firm's stock under the Dividend Discount Model? $89.21 $77.62 $81.54 $72.52