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Synovec Company is growing quickly. Dividends are expected to grow at a rate of 2 3 percent for the next 3 years, with the growth

Synovec Company is growing quickly. Dividends are expected to grow at a rate of 23 percent for the next 3 years, with the growth rate falling off to a constant 7 percent thereafter.
If the required return is 13 percent and the company just paid a $3.50 dividend. what is the current share price? (Note: since the dividend at time 0 of $2.70 has just been paid, do not include it in the price at time 0.)
$92.97
$91.11
$83.71
$94.83
$88.45

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