Fowler is expected to pay a dividend of $$1\mathrm{.}53$ one year from today and $$1\mathrm{.}68$ two years from today. The company has a dividend payout ratio of $45$ percent and the PE ratio is $17\mathrm{.}55$ times. If the required return on the company's stock is $10\mathrm{.}5$ percent, what is the current stock price?

Multiple Choice

$$25\mathrm{.}53$

$$56\mathrm{.}42$

$$53\mathrm{.}66$

$+2$

$$58\mathrm{.}68$

$$46\mathrm{.}66$