35) a company just paid a dividend of D₀=$3.50 for its stock. Companys dividends are expected to grow by 40% in the first year, 25% in year 2, by 10% in year 3, and at a constant rate of 3% in year 4 and thereafter. The required return on the stock is 18%. what is the stocks current value?

A) $38.36

B) $40.81

C) $44.48

D) $37.95

E) $44.89