ullseye Industries announced a $1.6 per share dividend to be paid a year from now. Its dividends are expected to increase by $2 a year for the next 2 years. After the third year (in which dividends are $5.6 per share) dividend growth is expected to settle down to a more moderate long-term growth rate of 5.4 %. If the required rate of return is 14.3%, what must be its price?

Select one:

a.60.87

b.52.32

c.61.85

d.59.58

e.61.35