You are considering buying common stock in Grow On$,$ Inc. You

have projected that the next dividend the company will pay will

equal $$4\mathrm{.}70$ and that dividends will grow at a rate of $5\mathrm{.}0\%$ per year

thereafter. The firm's beta is $0\mathrm{.}69,$ the risk$-$free rate is $5\mathrm{.}9\%,$

and the market return is $14\mathrm{.}3\%.$ What is the most you should pay for

the stock now?$$73\mathrm{.}66$$$70\mathrm{.}15$$$40\mathrm{.}17$$$42\mathrm{.}18$$$76\mathrm{.}64$