Sean Corp. will pay dividends of $2, $5.25, $5.75, and $7 for the next four years. Thereafter, the company expects its growth rate to be at a constant rate of 7 percent. If the required rate of return is 14.2 percent, what should the value of the share be immediately after the company makes the second dividend payment ($5.25)? (round to the nearest cent)

a.

$95.42

b.

$104.03

c.

$97.22

d.

$90.17