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The last dividend paid by Wilden Corporation was $1.25. The dividend growth rate is expected to be constant at 1.5% for 2 years, after which

The last dividend paid by Wilden Corporation was $1.25. The dividend growth rate is expected to be constant at 1.5% for 2 years, after which dividends are expected to grow at a rate of 8.0% forever. The firm's required return (rs) is 12.0%. What is the best estimate of the current stock price?

Select the correct answer.

a. $29.88
b. $26.92
c. $32.84
d. $31.36
e. $28.40

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