Based on the following information on EBE common stock, what is the expected price today?
Last dividend per share: $5
Growth rate: 20% per year for years 1 through 3; 10% per year for the years 4 to infinity
Required rate of return for the stock: 20%
a. $81.09
b. $69.98
c. $61.75
d. $75.77
e. $55.21