The Zumwalt Company just announced that they will pay a dividend of $4.25 per share next year. They also stated that they expect a dividend growth of 2% every year from the current expected dividend. If the company's WACC is 13%, its beta is 1.56, the market risk premium is 9.%, and the risk-free rate is 8%. What is the company's stock price today?

Question 7 options:

	$38.64
	$23.56
	$22.36
	$21.21