Question 2 (8 points) EM Enterprises next dividend will be 7. Dividends are expected to grow at a constant rate of 5% per year indefinitely. Investors require a 20% return on equity for the first four years, and a return of 12% thereafter. What is the current price of the equity? Round your answer to two decimal places. O a) 77.93 b) 100.20 c) 89.06 d) None of the other answers is correct e) 66.80