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Amalgamated Consolidated is growing quickly. Dividends are expected to grow at a 12.58 percent rate for the next 4 years, with the growth rate falling

Amalgamated Consolidated is growing quickly. Dividends are expected to grow at a 12.58 percent rate for the next 4 years, with the growth rate falling off to a constant 1.65 percent thereafter. If the required return is 9.75 percent and the company just paid a $3.35 dividend. what is the current share price? (Do not round your intermediate calculations.)

$57.79
$60.83
$55.97
$54.75
$59.01

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