Crystal Glass recently paid $3.60 as an annual dividend. Future dividends are projected at $3.80, $4.10 and $4.25 over the next 3 years, respectively. Afterwards the dividend is expected to increase by 3.25 percent annually. What is one share of this stock worth to you currently if you require a 12.5 percent rate of return on similar investments? $35.67 $40.11 $42.92 $53.66