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Fowler is expected to pay a dividend of $1.59 one year from today and $1.74 two years from today. The company has a dividend payout

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Fowler is expected to pay a dividend of $1.59 one year from today and $1.74 two years from today. The company has a dividend payout ratio of 35 percent and the PE ratio is 17.85 times. If the required return on the company's stock is 10.8 percent, what is the current stock price? Multiple Choice $26.73 $72 28 $78.14 75.14 $41.77

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