Burt Co.s stock price is $40 per share, and its expected year-end dividend is $3.20 a share (D1 = $3.20). The stocks required return is 10.00%, and the dividend is expected to grow at a constant rate forever. What is the expected price of the stock 2 years from now?

a. $40.80

b. $41.62

c. $42.45

d. $43.30

e. $44.99