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The PDF company expected to pay $ 3 . 5 0 in dividends at the end of the year. The company has some interesting investment

The PDF company expected to pay $3.50 in dividends at the end of the year. The company has some interesting investment opportunities, so it is
expected to grow at 12% for the next 5 years. After that, it is expected to grow at 5%. The company has a cost of capital of 9%.
What is the Value of PDF stock?
$57.28
$105.10
$88.14
$74.24
Please show all work and provide answer from the following choice of options above.

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