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Please give answer using financial calculator, or simplest way with the formula , no excel, thanks! Based on its projected required annual rate return of

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Please give answer using financial calculator, or simplest way with the formula , no excel, thanks!

Based on its projected required annual rate return of 8.20%,ABC Inc. (financed only by equity) expects to pay a $4.90 per share annual dividend in the upcoming year. If their stock is currently priced at $21.70, what would you expect the price to be one year from today? a. $16.00 b. $23.48 c. $18.58 d. $24.65 e. $16.80

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