Answer :  c. $41.67

Working notes for the above answer is as follow

We have provided with the information that

next year’s dividend is forecast to be $5.00,

the constant growth rate is 4%,

the discount rate is 16%,

D1 =5

g =4%

r=16%

we put all this figure in to the formulla

P0 = D1 / r-g

P0 = $ 5 / 0.16- 0.04

= $5 /0.12

=$ 41.67