Assume Silvio's Steakhouse pays the dividend of $4.02 this year. For the next 30 years, the firm's dividend will grow by 4.5%, then it will grow by 3.5% each year afterwards. The required rate of return for the firm's industry is 9.7%. What is the present value of the firm's stock under the Dividend Discount Model? $77.60 $61.97 $65.92 $82.75