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Navel County Choppers, Inc., is experiencing rapid growth. The company expects dividends to grow at...

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Navel County Choppers, Inc., is experiencing rapid growth. The company expects dividends to grow at 18 percent per year for the next 11 years before leveling off at 4 percent into perpetuity. The required return on the company's stock is 10 percent. If the dividend per share just paid was $1.94, what is the stock price? A. $97.77 B. $156.04 C. $63.88 OD. $88.88 E. $106.11

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