Suppose Swiftie, Inc., just paid a dividend of $9.25 per share. It is expected to increase its dividend by 3.3 percent per year, indefinitely. If the market requires a return of 8.13 percent on assets of this risk, how much should Swiftie be selling for?
a. $83.60
b. $117.53
c. $197.83
d. $207.39