Rylan Industries is anticiapted to pay the dividend of $5.20 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) $55.11
b) $25.58
c) $80.70
d) $29.52