An analyst gathers the following data about a company with a double-digit growth rate that is expected to continue for three more years: Current year's dividend per share 2.00 30% in each of the years 1 and 2; 20% in year 3 Growth rate in dividend during the next three years Growth rate in dividend for year 4 and beyond Weighted average cost of capital Cost of equity capital 8% 12% 15% The best estimate of the company's value per share is closest to: (For the terminal year value, use the Gordon Growth, infinite DDM price.) E48.68 . . 50.68 E85.93 . 66.78 D