Gates Industries' current common stock dividend $($year $0)$ is $$2\mathrm{.}50$ per share and is expected to continoe growing at a rate of $5\%$ per year for the foreserable future. Carrently the risk$-$free rate is $7\mathrm{.}5\%$ and the estimated market risk premium $($i$.$e$.,k_m-I_i)$ is $8\mathrm{.}3\%.$ Value Lise has estimated Gates Industries' beta to be $1\mathrm{.}10.$ Determine the expected price for Gates Industries, common stock.

$$21\mathrm{.}50$

$$15\mathrm{.}03$

$$15\mathrm{.}78$

$$22\mathrm{.}57$