Cogni INC. has 2 million shares outstanding in the market. Until now, it consistently earned $32 million per year on its assets. Investors require 10 percent rate of returns on its shares. The annual dividend growth rate is 1 percent, and the company is plowing back 5 percent of its earnings per year. Calculate its expected stock price per share. A. $176.93 B. $170.58 C. $194.02 D. $165.48