An analyst forecasted dividends over the next three years for ABC Company of $1.25, $2.00, and $2.50 respectively. He also expects that the dividend will grow at a constant rate of 3% forever after the third year. If the required rate of return is 12%, ABC stock price is closest to: 01) $24.85 O2) $25.74 O 3) $26.15 O4) $27.63