Equate Inc. stock currently sells for $40.00 per share. The stock is projected to have a constant growth in dividends. The expected dividend yield on the stock is 4%. The required rate of return on the stock, r_s, is 9.50%. What is the stock's expected price 5 years from today?

Group of answer choices

$62.97

Cannot be determined with the given information.

$48.67

$52.28