We know that firm valuation replies a lot on the accurate assumption of the perpetual growth rate. Based on the information below, what is the value of Oxford Inc.?

Expected EPS next year: $8

Expected ROE: 22%

Required return on the stock: 16%.

Retention rate: 60%

A.

$20.93

B.

$69.77

C.

$114.29

D.

$150

E.

$128.57