Suppose a firm just paid $300 million dollars in total dividends. You expect future dividends to grow at a constant rate of 5% per year, forever. If the required return by shareholders is 15.5%, what is the price of the stock? (Assume that there are 115 million shares outstanding) The correct answer will be one of these options:

$28.95

$32.75

$24.75

$26.09

$54.80

$52.20

$17.68

$49.78