This year, analysts expect Stark Industries to make payouts worth $5.2 billion. Assume that all payouts occur annually at the end of the year and that we are at the beginning of the year. Analysts forecast that Stark's payouts will grow at 3.1% in perpetuity. Stark stockholders require a return of 8.6%. Stark has 2 billion shares outstanding. What is the fair price for Stark's shares today?

$47.27

$98.75

$94.54

$45.85