Ranger Manufacturings stock just paid a dividend of $4.00 The dividend is expected to grow at a constant rate of 8 percent per year, and the stock's required rate of return (Rs) is 12 percent. Given this information, what is the expected price of the stock, 4 years from now (P4)? (Round to 2 decimal points. Approximate: You may be off a several pennies depending on how you did your calculations)

$147.00

$200.00

$173.00

$136.00

$126.00