Gogo stock is currently selling for $30.00 per share.The dividend next period (DIV₁) is expected to be $3.00 per share and it is expected to grow at the rate (g) of 2 percent in perpetuity.Given this information, what is the expected price of Gogo stock 10 years fromtoday?

A) $30.00

B) $36.00

C) $36.57

D) $38.14

E) Cannot answer this question without knowing what the market capitalization rate (r) is.