Chambers Corporation's ROE is 18%. Their divedend payout ratio is 80%. The last divended,just paid, was $2.20. If divedends are expected to grow by the company's internal growth rate indefinately, what is the current value of Chambers common stock if it is required is 20%.
1)$12.89
2)$12.56
3)$15.43
4)$13.90