A firm does not pay a dividend. It is expected to pay its first dividend of $$0\mathrm{.}54$ per share in three years. This dividend will grow at $9$ percent indefinitely. Using a $10$ percent discount rate, compute the value of this stock.

$$27\mathrm{.}00$

$$44\mathrm{.}63$

$$54\mathrm{.}00$

$$46\mathrm{.}00$