Data for all Dixon Corp. problems are the same. Dixon Corp. just paid out a dividend of $4.50 per share of common stock. Analysts expect the dividend to grow by 17% over the coming three years, and then grow steadily at 5% for the foreseeable future after that. Investors require a return of 8% on this stock. Dixon stock should be selling for _____ at the end of three years.

answwr choices:

$244.10

$252.25

$259.46

$216.13

$208.12