Burke Tires just paid a dividend of D₀ = $1.28. Analysts expect the company's dividend to grow by 28.0% this year, by 9.5% in Year 2, and at a constant rate of 4.0% in Year 3 and thereafter. The required return on this low-risk stock is 9.92%. What is the best estimate of the stock's current market value? Note: Do not round intermediate calculations.

Group of answer choices

$30.24

$29.06

$26.77

$30.43

$31.51