"A Great Company" (AGC) is expected to pay a $3.00 dividend at the end of this year (assume the end of the year is 1 year from now). Assume you expect AGC's dividend to then grow in subsequent years by 6% each year forever and that AGC's equity cost of capital is 13% and its WACC is 10%. Using this information, estimate the price for a share of AGC stock. Select the answer that is closest to the estimated price.

$42.86

$79.5

$16

$75

$45.43