Big Red Machines, a startup, has come up with a new product and has seen significant customer demand. Due to reinvestment in the firm (100% plowback ratio) Big Red Machines will pay no dividends in the first 3 years. Beginning in the 4th through 6th years, the firm expects to pay $1.50, $1.60, and $1.75 In the 7th year, the firm should see stable growth rates and thus begin a divided which grows at 6% per year. You plan to graduate 1 year from now, and hope to invest in Big Red Machines at that time. The expected rate of return is 8% What is the value of Big Red Machine's stock one year from today? ; Do not round your intermediate calculations. Round your final answer to two decimal places Multiple Choice 96.82 58.45 61.74 66.68