You have decided to purchase common stock of Bennett Manufacturing and hold it for $7$ years. The directors of the company just announced that they expect to pay an annual cash dividend of $$4\mathrm{.}00$ per share for at least the next $8$ years. In your research on target prices for this stock, several analysts say that Bennett common shares should be worth around $$80$ to $$90$ at the end of seven years. In order to earn $12\%$ return on this investment, how much would you be willing to pay for this stock?