Crystal Glass announced that dividends per share over the next three years will be $3.80, $4.10, and $4.25, respectively. Starting in year 4, the dividend is expected to increase by 2.35 percent per year indefinitely. What is one share of this stock worth today at a discount rate of 18.2 percent?

Group of answer choices

$25.34

$31.99

$18.36

$39.89

$45.07