Burke Tires just paid a dividend of D0 = $1.60. Analysts expect the company's dividend to grow by 21% this year, by 15% in Year 2, grow by 8% in Year 3 and at a constant rate of 5% in Year 4 and thereafter. The required return on this low-risk stock is 10.00%. What is the best estimate of the stock's current market value?

- $38.19

- $39.56

- $41.27

- $43.34

- $45.89