Nachman Industries just paid a dividend of Do = $2.75. Analysts expect the company's dividend to grow by 30% this year, by 10% in Year 2, and at a constant rate of 7% in Year 3 and thereafter. The required return on this low-risk stock is 12.00%. What is the best estimate of the stock's current market value? Do not round intermediate calculations. a. $73.42 b. $66.23 c. $76.17 d. $54.25 e. $69.03

Nachman Industries just paid a dividend of D0=$2.75. Analysts expect the company's dividend to grow by 30% this year, by 10% in Year 2 , and at a constant rate of 7% in Year 3 and thereafter. The required return on this low-risk stock is 12.00%. What is the best estimate of the stock's current market value? Do not round intermediate calculations. a. $73.42 b. $66.23 c. $76.17 d. $54.25 e. $69.03