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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 3.00% 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 3.00% per year. The required rate of return on the stock, rs, is 11.50%. What is the stock's expected price 5 years from now? a. $22.15 b. $32.33 O c. $23.97 d. $37.05 e. $24.92

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