If anticipated dividends for each share of the common stock of International Biking Corporation (IBC) for the next three years are $3, $3.25, and $3.45, respectively, and the common stock is expected to be selling for $50 in two years. Given the risk of the stock, investors would require a rate of return of 14%. How much will investors be willing to pay today for each share of the common stock?

$45.93

$43.61

$56.25

$59.70