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Thirsty Cactus Corp. just paid a dividend of $1.45 per share. The dividends are expected to grow at 40 percent for the next 7 years

Thirsty Cactus Corp. just paid a dividend of $1.45 per share. The dividends are expected to grow at 40 percent for the next 7 years and then level off to a 6 percent growth rate indefinitely.

Required :
If the required return is 12 percent, what is the price of the stock today?

$3.26

$149.47

$122.15

$152.46

$146.48

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