ATX Corporation Just pald a dlvidend of $$1\mathrm{.}55$ per share. The dividends are expected to grow at $35$ percent for the next $6$ years and then level off to a growth rate of $8$ percent Indefinitely.

If the requlred return is $13$ percent, what is the price of the stock today?

Multiple Choice

$$15\mathrm{.}49$

$$71$

$$97\mathrm{.}35$

$$113\mathrm{.}18$

$$117\mathrm{.}80$