A company has recently paid a 2,1 $ dividend per share. It expects a 7% dividend growth rate in the next three years. After three years, the expected growth rate declines to 3% in perpetuity. Risk-free rate is 6%, market risk premium is 4%, and beta is 1. Find the value per share.

1. 30,40 $
2. 32,40 $
3. 34,40 $
4. 36,40 $