Hudson Corporation will pay a dividend of $$3\mathrm{.}90$ per share next year. The company pledges to increase its dividend by $6\mathrm{.}30$ percent per year indefinitely.

If you require a return of $10\mathrm{.}20$ percent on your investment, how much will you pay for the company's stock today?

Multiple Choice

$$ $$94\mathrm{.}07$

$$ $$104\mathrm{.}00$

$$22\mathrm{.}24$

$$100\mathrm{.}00$

$$ $$96\mathrm{.}00$