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HI, Need help with the question below...please show work. 1.Sorenson Corp.s expected year-end dividend is D 1 = $1.60, its required return is r s

HI, Need help with the question below...please show work.

1.Sorenson Corp.s expected year-end dividend is D1 = $1.60, its required return is rs = 11.00%, its dividend yield is 6.00%, and its growth rate is expected to be constant in the future.What is Sorenson's expected stock price in 7 years, i.e., what is P7?

a.$37.52

b.$39.40

c.$41.37

d.$43.44

e.$45.61

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