Hudson Corporation will pay a dividend of $$5\mathrm{.}00$ per share next year. The company pledges to increase its dividend by $2\mathrm{.}50$ percent per year indefinitely.

If you require a return of $6\mathrm{.}70$ percent on your investment, how much will you pay for the company's stock today?

Multiple Choice

$$123\mathrm{.}81$

$$119\mathrm{.}05$

$$53\mathrm{.}02$

$$114\mathrm{.}29$

$$116\mathrm{.}14$