A firm has estimated the residual earnings per share of stock for the next three years to be $1.00, $1.10, and 1.20, respectively. The residual earnings are expected to grow at 5 percent annually forever after year 3. The current book value of equity is $30 per share and the required return on equity is 14%. What should be the current per share value of equity (i.e., the stock price per share in year 0)? A) $11.98 B) $41.98 C) $46.53 D) $58.03