VolCal in at the end of the year is expected to have EPS of $5 the firm has a cost of capital of 19% currently pay out of all earnings as a divident using the assumption of perfect capital markets

using the dividend discount model, if the firm decides to payout 30% of earnings as a dividend the firms return on investment is 13.5% what will be the new stock price?

a. 43.7750

b.58.8835

c.41.666

d.50.2575

e.40.0000

f.45.4545

g. 0%

h. 2%

I 1%

j. 3%

k.60.2675