Cost of equity capital$=11\mathrm{.}58\%$

Long run growth rate $=3\mathrm{.}8\%$

Comprehensive income year $+5=10,775\mathrm{.}25$

Book value Year $+5=22,334\mathrm{.}57$

Number of shares of stock outstanding in M $=2100$

They have projected $5$ years of dividends as follows:

Year $+1$ Year $+2$ Year $+3$ Year $+4$ Year $+5$

Total Dividends $ $7,575\mathrm{.}20$ $ $7,678\mathrm{.}11$ $ $8,002\mathrm{.}50$ $ $8,075\mathrm{.}36$ $ $8,200\mathrm{.}57$

What is the estimated stock price of the firm using the dividends valuation method?

A$.$

$$53\mathrm{.}14$

B$.$

$$68\mathrm{.}99$

C$.$

$$78\mathrm{.}25$

D$.$

$$111\mathrm{.}77$