Trend$-$Line Incorporated has been growing at a rate of $8\%$ per year and is expected to continue to do so indefinitely. The next dividend is expected to be $$3$ per share.

a$.$ If the market expects a $10\%$ rate of return on Trend$-$Line, at what price must it be selling?

Note: Do not round intermediate calculations.

Answer is complete and correct.

$\backslash$table$[[$Current selling price,$$,150\frac{O}{?}$