Firm DEF is a high-tech company. It is expected to pay a dividend of $5 per share in the next three years. Starting from year 4, its dividend will grow at 5% per year forever (for example, dividend in year 4 is 5% higher than year 3, and dividend in year 5 is 5% higher than year 4, and so on). All dividends are paid at the end of the year. If DEF has an equity cost of capital of 15%, what should be the stock price today? O $40.65 $59.62 $42.29 $45.94