Questions 22 - 25 are based on the following information relating to Tupelo Turbine Corporation. The company paid a dividend of $1.46 per share quarterly, totaling to 55.84 for the most recent full year, on its common stock. Based on a study of the risk of owning this stock, analysts at Walnut Investment Funds have determined that the required annual rate of return should be ke or r=8.6. The third analyst, Ms, Root believes first analyst Branch is too optimistic she feels Tupelo Turbine's future earnings and dividends will change in a fairly steady manner that can sensibly be modeled as constant growth of approximately negative 1.6 -1.606) per year. Under these assumptions, what is the highest price analyst Root thinks the Walnut funds should be willing to pay per share for Tupelo Turbine Corporation common stock? O A $66.82 B. $83.43 @ @ C$56.34 D. $82.09 E. $0 (no value since the dividend stream is expected to decline)