Question 1 1 pts Roy Inc. currently has total capital equal to $10 million, has zero debt, is in the 30% federal- plus-state tax bracket, has net income of $1 million, and distributes 50% of its earnings as dividends. Net income is expected to grow at a constant rate of 10% per year, 500,000 shares of stock are outstanding and the current cost of equity is 12%. What is the current stock price? O $50 O $110 O $55 O $100