You expect Big Company to pay a dividend of $2 per share next year (Year 1); $2.14 per share in Year 2; $2.28 per share in Year 3; and $2.44 per share in Year 4. You also believe the stock will trade in the market at $120 per share at the end of Year 4.

a. You have estimated Big Company's Cost of Equity to be 9.2%. Using your timeline, estimate what Big Company's stock should be trading at now.