Hudson Corporation will pay a dividend of $$3\mathrm{.}70$ per share next year. The company pledges to increase its dividend by $5\mathrm{.}40$ percent per year indefinitely.

If you require a return of $14\mathrm{.}80$ percent on your investment, how much will you pay for the company's stock today?

Multiple Choice

$$40\mathrm{.}94$

$$39\mathrm{.}36$

$$17\mathrm{.}38$

$$37\mathrm{.}79$

$$37\mathrm{.}35$