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Assume WXYZ Corp.'s dividend payment will be $4.56 one year from now, $4.35 two years from now, and $6.42 three years from now. Further assume

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Assume WXYZ Corp.'s dividend payment will be $4.56 one year from now, $4.35 two years from now, and $6.42 three years from now. Further assume that after these three years, the dividend will grow by 6.22% each year. If the required rate of return for the industry WXYZ Corp. belongs to is 11.52%, what is the market value of WXYZ Corp.'s stock under the Dividend Discount Model? $97.40 $104.99 $52.92 $119.35

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