You are planning on selling 100,000 shares to finance your business. You have promised investors that you can pay them dividends of $100 per year for the next 20 years only, after which you will have to stop paying them dividends. The return on the stock market on average has been 8% in the past several years. The risk-free rate is about 3%, and the for your firm is 2.5. How much money do you think you can raise for your firm:

$60.90 million

$15.50 million

$72.41 million

$64.52 million