CoronaV Corp. just paid $3 dividends, it was $2.15 four years ago. The dividends should continue to grow at the same rate to infinity. How much is their stock price given that investors require 12% returns? (Hint: Use 2 decimals for the dividend growth rate.)

Question 1 options:

	$34.69
	$53.16
	$128.33
	$98.51