To evaluate the stock of Wiebe Co., an analyst uses the constant growth discounted dividend model. Assume expected earnings of $12 per share, an earnings retention rate of 70%, and an expected rate of return on future investments of 17% per year. If the market capitalization rate is 14% per year, what is the implied net present value of future investments? Select one: a. $314.29 b. $281.64 c. $171.43 d. $85.72

The correct answer is D. $85.72

I need help on how to figure out that number. Please how work/calculations.