Fowler is expected to pay a dividend of $$1\mathrm{.}89$ one year from today and $$2\mathrm{.}04$ two years from today. The company has a dividend payout ratio of $35$ percent and the PE ratio is $19\mathrm{.}35$ times. If the required return on the company's stock is $12\mathrm{.}3$ percent, what is the current stock price?

Multiple Choice

$$51\mathrm{.}46$

$$32\mathrm{.}98$

$$96\mathrm{.}44$

$$89\mathrm{.}43$

$$92\mathrm{.}73$