Use the information about Company X below to help answer this question:

• The company just paid out $30M in dividends
• Dividends will grow at 18% for each of the next 4 years
• Dividends will grow at 6% every year thereafter (beginning in year 5)
• The company has 1.2M shares outstanding
• The company's cost of equity is 15%
• The company's WACC is 10%

Using the Dividend Discount Model for Non-Constant growth, the value of one share of the company's stock today is closest to:

Group of answer choices

$414

$433

$497

$509

$537