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Whited Inc.'s stock currently sells for $21.50 per share. The dividend is projected to increase at a constant rate of 4.25% per year. The required

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Whited Inc.'s stock currently sells for $21.50 per share. The dividend is projected to increase at a constant rate of 4.25% per year. The required rate of return on the stock, re, is 11.50%. What is the stock's expected price 5 years from now? O a $22.41 b. $30.51 c. $23.97 d. $26.47 e. $37.05

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