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Go slow Inc. is a mature manufacturing firm. The company just paid annual dividends of $10.25 per share, but management expects to reduce dividends by

Go slow Inc. is a mature manufacturing firm. The company just paid annual dividends of $10.25 per share, but management expects to reduce dividends by 4 percent per year indefinitely. If you require a rate of return of 10.2 percent on this stock, what is the maximum price you will pay for a share of this stock today?

$171.94

$158.71

$58.77

$72.18

$69.30

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