The last dividend paid by Wilden Corporation was $5.00. 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. $119.51

b. $118.67

c. $119.09

d. $119.93

e. $118.25

PLEASE EXPLAIN THE STEPS TO FIGURE THIS OUT THANK YOU