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Whited Inc.'s stock currently sells for $35.25 per share. The dividend is projected to increase at a constant rate of 3.50% per year. The required

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Whited Inc.'s stock currently sells for $35.25 per share. The dividend is projected to increase at a constant rate of 3.50% per year. The required rate of return on the stock, r s, is 11.50%. What is the stock's expected price 5 years from now? O a. $36.42 b. $46.89 c. $40.61 d. $52.33 e. $41.87

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