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Sorenson Corp.'s expected year-end dividend is D1=$2.70, its required return is r5=13.00%, 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=$2.70, its required return is r5=13.00%, 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. $93.69 b. $67.53 c. 548.15 d. $63.11 e. $63.83

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