Larry and Lenny are considering the purchase of ordinary share that paid a dividend of $4.00 yesterday. The long-run normal growth rate is expected to be 10% (that is, a constant growth rate of 10% per year forever). If you require a 12 percent rate of return, compute the current share price of the firm. (You are required to keep each answer to two decimal points before you proceed to another section of the question.)

Group of answer choices

$110.00.

$200.00.

$100.00.

$220.00.