A company is forecasted to make a dividend payment of $6.60 next year (T=1). Analysts expect the company will be able to increase dividend payments by 5.0% per annum in perpetuity (or indefinitely) and estimate the appropriate cost of equity is 10.0%. Using the appropriate dividend discount model for constant growth, one share of the stock is valued at __________.
A) $33.00
B) $66.00
C) $99.00
D) $132.00
E) $155.00