Walter and Statler, inc. has an expected dividend next year of $$5\mathrm{.}60$ per share, a growth rate of dividends of $10$ percent, and a required return of $20$ percent. The value of a share of Whilter and Stather's common stock is:

$$86\mathrm{.}00$

$$2800$

$$22\mathrm{.}40$

$$18\mathrm{.}67$