LCDs stock just paid dividend of $5.00 (D₀). The dividend is expected to grow at a constant rate of 8 percent per year, and the stocks required rate of return is 12 percent. Given this information, what is the expected price of the stock, eight years from now? Must Show Work.

a. $200.00

b. $185.09

c. $99.95

d. $249.87

e. $150.00