Hudson Corporation will pay a dividend of $$3\mathrm{.}20$ per share next year. The company pledges to increase its dividend by $7\mathrm{.}70$ percent per year Indefinitely.

If you require a return of $10\mathrm{.}70$ percent on your Investment, how much will you pay for the company's stock today?

Multiple Choice

$$110\mathrm{.}93$

$$10240$

$$106\mathrm{.}67$

$$99\mathrm{.}04$

$$16\mathrm{.}15$