In one year, a firm will pay a common stock dividend of $2.85. The dividends have been growing at 6% per year.Based on analysts' forecasts, you predict that you will be able to sell your stock for $48 per share after one year.If you require a rate of return of 10 percent on your stock, how much would you be willing to pay now for a share of the stock?

a) $47.97

b)$55.94

c) $46.22

d) $52.80

e) $50.88