Thirsty Cactus Corp. just paid a dividend of $1.30 per share. The dividends are expected to grow at 40 percent for the next 8 years and then level off to a 8 percent growth rate indefinitely.

Required :

If the required return is 14 percent, what is the price of the stock today?

$150.27

$147.27

$3.67

$153.28

$121.06