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Fast Growth Company currently pays no dividends ( DIV 0 = $ 0 ) . To help fund its growth, Fast will also pay no

Fast Growth Company currently pays no dividends (DIV 0= $0). To help fund its growth, Fast will also pay no dividends for the next 5 years. In the 6th year, however, Fast expects to pay a dividend of $7.50 per share. This dividend will grow by 15% in the 7th year, by 10% in the 8th year, and by 5% in years 9 and beyond. If the required rate of return for Fast is 8%, what is the current price of one share of Fast's common stock?
Group of answer choices
$194.29
$209.83
$184.53
$179.90
$179.40
$174.42

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