Lohn Corporation is expected to pay the following dividends over the next four years: $11, $9, $6, and $5. Afterward, the company pledges to maintain a constant 7 percent growth rate in dividends forever.

If the required return on the stock is 13 percent, what is the current share price?

a. $82.40

b. 78.70

c. $76.13

d. $81.06