Sun Investment Inc. current stock price is $450 and its last dividend was $8.00. In view of Suns strong financial position and its consequent low risk, its required rate of return is 6%. If dividends are expected to grow at a constant rate, g, in the future and r is expected to remain at 6%, what do you forecast Suns stock price to be 3 years from now? FORMAT TO 4 DECIMAL PLACES *HINT: find the growth rate first

A.

$492.22

B.

$400.55

C.

$450.38

D.

$488.54

E.

$350.97