Thirsty Cactus Corp. just paid a dividend of $1.55 per share. The dividends are expected to grow at 30 percent for the next 7 years and then level off to a 8 percent growth rate indefinitely.

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

$87.17

$90.73

$88.95

$69.96

$.17