Assume ABC Corp. pays the dividend of $5.80 this year. For the next 30 years, the firms dividend will grow by 5.3%, then it will grow by 4.7% each year afterwards. The required rate of return for the firms industry is 11.2%. What is the present value of the firms stock under the Dividend Discount Model?

Group of answer choices

$83.35

$101.55

$92.11

$111.92