Please answer ASAP

A stock is expected to pay its first $21 dividend in 7 years from now. The dividend is expected to be paid annually forever and grow by 4% pa. The discount rate is 5% pa. Estimate the current stock price. The current stock price should be:

Question 9Select one:

a.

$284.27

b.

$1,492.43

c.

$1,567.05

d.

$1,588.05

e.

$2,100