How much should the stock price be in five years from now if you purchase a stock today for $35, your required rate of return is 13%, and the stock pays $2.8 dividend annually?

• 46.34
• 45.12
• 49.54
• 47.21

\begin{tabular}{|l|r|r|r|r|r|r|} \hline & \multicolumn{7}{|c|}{ At the end of year: } \\ \hline & 0 & 1 & 2 & 3 & 4 & 5 \\ \hline Purchase Price & -35 & & & & & \\ \hline Dividend & & 2.8 & 2.8 & 2.8 & 2.8 & 2.8 \\ \hline Selling Price & & & & & & ? \\ \hline \end{tabular}