Gamma Corporation just paid a dividend of $$3\mathrm{.}00$ per share on its common stock.

Dividends are expected to grow at an annual rate of $8\%$ for the next two years and then at $3\%$ afterward. If you want to earn a minimum return of $10\%,$ what is the most that you would be willing to pay for a share of Gamma Corporation today?

Multiple Choice

$$48\mathrm{.}39$

$$51\mathrm{.}29$

$$49\mathrm{.}99$

$$53\mathrm{.}24$