Rylan Industries Is Expected to Pay a Dividend of $5

Multiple Choice

Rylan Industries is expected to pay a dividend of $5.20 per year for the next four years.If the current price of Rylan stock is $32.63,and Rylan's equity cost of capital is 14%,what price would you expect Rylan's stock to sell for at the end of the four years?

A) $29.52
B) $55.11
C) $25.58
D) $80.70
E) $11.83