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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, rs, is 11.50%. What is the stock's expected price 5 years from now? a. $41.87 b. $52.33 c. $46.89 d. $40.61 e. $36.42

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