Erna Company is expected to pay a dividend of $2.37 one year from today and $2.52 two years from today. The company's sales in two years are expected to be $15,350,000. The company has a PS ratio of 1.55 times, and 520,500 shares outstanding. If the required return on the company's stock is 10.2 percent, what is the current stock price?

Multiple Choice

• $5.37

• $41.87

• $4.23

• $37.64

• $43.54