. Sorenson Corp.'s expected year-end dividend is D1 = $4.00, its required return is rS = 11.00%, its dividend yield is 6.00%, and its growth rate is expected to be constant in the future. What is Sorenson's expected stock price in 7 years, i.e., what is P7?

a.

$90.05

b.

$85.36

c.

$87.24

d.

$76.92

e.

$93.81