Staton-Smith Software is a new start-up company and will not pay dividends for the first five years of operation. It will then institute an annual cash dividend policy of $3.75 with a constant growth rate of 4%, with the first dividend at the end of year six. The company will be in business for 25 years total. What is the stock's price if an investor wants a.a return of 11%? b.a return of 13%? c.a return of 24%? d.a return of 35%?