Thirsty Cactus Corp. just paid a dividend of $$1\mathrm{.}55$ per share. The dividends are expected to grow at $40$ percent for the next $8$ years and then level off to a $7$ percent growth rate indefinitely.

Required :

If the required return is $15$ percent, what is the price of the stock today?

Multiple Choice

$$133\mathrm{.}21$

$$4\mathrm{.}21$

$$100\mathrm{.}02$

$$130\mathrm{.}55$

$$135\mathrm{.}88$