Question $15(1$ point$)$

The Zumwalt Company just announced that they will pay a dividend of $$1\mathrm{.}25$ per

share next year. They also stated that they expect a dividend growth of $2\%$ every

year from the current expected dividend. If the company's WACC is $13\%,$ its beta is

$1\mathrm{.}1,$ the market risk premium is $3\mathrm{.}9\%,$ and the risk$-$free rate is $2\%.$ What is the

company $$ stock price today?

$$29\mathrm{.}14$

$$28\mathrm{.}46$

$$27\mathrm{.}89$

$$29\mathrm{.}50$