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Huntington Industries just paid a dividend of D 0 = $ 3 . 5 . Analysts expect the company's dividend to grow by 2 0

Huntington Industries just paid a dividend of D0= $3.5. Analysts expect the company's dividend to grow by 20% this year, by 10% in Year 2, and at a constant rate of 5% in Year 3 and thereafter. The required return on this low-risk stock is 10.00%. What is the best estimate of the stocks current market value? Do not round intermediate calculations.
a.
$117.15
b.
$87.81
c.
$130.01
d.
$86.68
e.
$97.85

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