A company just paid a dividend of $1.32. Analysts expect the companys dividend to grow by 30% this year, by 10% in Year 2, and at a constant rate of 5% in Year 3 and thereafter. The required return on this stock is 9.00%. What is the best estimate of the stocks current market value? (Note: use 4 decimal places for your calculations)

$45.99

$43.75

$41.59

$42.65

$44.87