Company Q's current return on equity (ROE) is 15%. It pays out one-half of earnings as cash dividends (payout ratio=.5). Current book value per share is $40. Book value per share will grow as Q reinvests earnings. Assume that the ROE and payout ratio stay constant for the next four years. After that, competition forces ROE down to 12% and the payout ratio increases to 0.9. The cost of capital is 8%. What is the stock price of stock Q (If you cannot find your answer in the choices below, please choose the choice that is closest to your answer) $98.3 O $90.7 O $124.5 $136.1 $744 redions