Reddick Enterprises' stock currently sells for $$50\mathrm{.}00$ per share. The dividend is projected to increase at a constant rate of $5\mathrm{.}50\%$ per year. The required rate of return on the stock, rs$,$ is $9\mathrm{.}00\%.$ What is the stock's expected price $3$ years from today?

Question $8$Select one:

a$.$

$$71\mathrm{.}04$

b$.$

$$71\mathrm{.}63$

c$.$

$$58\mathrm{.}71$

d$.$

$$68\mathrm{.}69$

e$.$

$$61\mathrm{.}65$