After a successful and profitable merger. XYZ Corp has announced it will pay a special dividend of $5.00 in each of the next two years. After that (i.e. 3 years from today) the firm will resume its regular dividend payment at $1.50 three years from today which will then grow at a constant rate of 2.4% per year thereatter. Based on these projections and assuming a required rate of return of 9.8%, calculate the fair value for the stock today. $30.27$2401$2551$31.69