Garabaldi Corp expects its dividend to grow by 15% for 4 years, and then it is expected to grow by 3% in perpetuity (starting in year 6). If next year's dividend is $4.00 per share and the stock is priced at a 14% expected return, then what is the Terminal Value of the Perpetual Cash Flow?

Multiple Choice

$57.69

$68.92

$76.33

$65.51