Burke Tires just paid a dividend of D₀ = $1.50. Analysts expect the company's dividend to grow by 20% this year, by 15% in Year 2, grow by 10% in Year 3 and at a constant rate of 7% in Year 4 and thereafter. The required return on this low-risk stock is 12.00%. What is the best estimate of the stock's current market value?

		$38.19
		$39.56
		$41.27
		$43.34
		$45.89