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Assume Silvio's Steakhouse pays the dividend of $3.71 this year. For the next 32 years, the firm's dividend will grow by 5.9%, then it will

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Assume Silvio's Steakhouse pays the dividend of $3.71 this year. For the next 32 years, the firm's dividend will grow by 5.9%, then it will grow by 5.1% each year afterwards. The required rate of return for the firm's industry is 11.8%. What is the present value of the firm's stock under the Dividend Discount Model? $69.13 $63.75 $66.22 $65.11

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