Please answer ASAP

A stock is expected to pay its first $740 dividend in 1 year from now. The dividend is expected to be paid annually forever and grow by 5% pa. The discount rate is 6% pa. Estimate the current stock price. The current stock price should be:

Question 6Select one:

a.

$74,000.02

b.

$65,859.75

c.

$14,800

d.

$12,333.33

e.

$10,976.62