solve

Lexcorp has experienced some great profitability in rocent yeass and is expectod to pay a dividend of D1=$125 per share at the end of the year. According to Lex Luthor, the fim's charman and CEO, the dividend is expected to grow at a constant rate of 6 .00\% per year in the future. The company's beta is 1.55 , the market risk premium is 5.50%, and the risk-free rate is 4.00%. What is the company's current stock price? Do not round intermediate calculations a. $23.56 b. $19.16 c. $16.48 d. $23.18 e. $21.07