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An investment advisor forecasts annual dividends for Safe Energy Corp. (SEC) as shown below. If the stock can be presently purchased for $50.

An investment advisor forecasts annual dividends for Safe Energy Corp. (SEC) as shown below. If the stock can be presently purchased for $50.00, what would the stock price need to be at the end of year 5 to earn an 10% annual return over the 5 years.  Assume the investor will invest the dividends at 8%.
Year 1 2 3 4 5
Dividends $1 $3 $4 $4 $3

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