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Sorenson Corp's expected year-end dividend is D1=$1.70, its required return is r5=11.00%, its dividend yield is 6.00%, and its growth rate is expected to be

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Sorenson Corp's expected year-end dividend is D1=$1.70, its required return is r5=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 6 years, i.e, what is P6 ? Do not round intermediate calculations. a. 537.97 b. $36.16 c $29.75 d. $40.19 e. 353.00

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