If anticipated dividends for International Biking Corporation (IBC) for the next three years are $3, $3.25, and $3.45, respectively, and its growth rate will level off to a normal rate of 6% per year indefinitely after the first two years. Given the risk of the stock, investors would require a rate of return of 14%. How much should each share of the common stock be selling for in two years?

$45.72

$40.63

$24.60

$43.13