Boomer Products, Inc. manufactures $"$no$-$inhale" cigarettes. As its target customers age and pass on$,$ sales of the product are expected to decline. Thus, demographics suggest that earnings and dividends will decline at a rate of $4\%$ annually forever. The firm just paid a dividend of $$2\mathrm{.}50$; given a required return is $12\%,$ the price of the stock in two years will be:

a$.$

$$14\mathrm{.}98$

b$.$

$$29\mathrm{.}95$

c$.$

$$13\mathrm{.}82$

d$.$

$$9\mathrm{.}45$

e$.$

$$11\mathrm{.}52$