Acme Corporations plans to retain 50% of its net income over the next three years. In the fourth year, it will permanently retain 25% of its net income. Its return on reinvested earnings (its ROE) is 12%. Earnings per share in the first year is expected to be $3.00. The required rate of return on Acme's stock is 10%. What should Acme's share price be today? A) $112.50 B) $31.89