LeBlanc Inc. currently has earnings of $10 per share, and investors expect that the earnings per share will grow by 6 percent per year.Furthermore, the mean PE ratio of all other firms in the same industry as LeBlanc is 14.0.LeBlanc is expected to pay an annual dividend of $3 per share over the next five years and an investor in LeBlanc requires a return of 12 percent.Calculate the forecasted stock price of LeBlanc in five years, using theadjusted dividend discount model.

$149.12

$187.35

$165.83

$176.68