just need correct optiom

Yesterday, Wernham Hogg paid out $1.94 in dividends and repurchased $4.24B worth of shares. Wernham Hogg has 1.188 shares outstanding. Analysts expect total payouts to grow at an annual perpetual rate of 1% and investors require a 7.5% rate of return on Wernham Hogg shares. What is the total payout model estimate of the stock price today assuming that all payouts occur annually? (The next payout will occur in one year.) Approach P = E/N where E = Value of Equity = PV of payouts PV of payouts = [STPOX(1 +9)/(k-9) Select one: O a $60.81 O b. $80.57 O c. $77.73 O d. $69.83 e. $81.38