Assume WXYZ Corp.s dividend payment will be $3.91 one year from now, $5.63 two years from now, and $6.83 three years from now. Further assume that after these three years, the dividend will grow by 5.5% each year. If the required rate of return for the industry WXYZ Corp. belongs to is 12.2%, what is the market value of WXYZ Corp.s stock under the Dividend Discount Model?

Group of answer choices

$76.14

$88.93

$12;79

$107.55