Industrial Consolidated is expected to pay a dividend of $ $4\mathrm{.}20$ per share next year. Dividends are expected to grow at $3\mathrm{.}10\%$ per year indefinately. If investor's have a required return of $11\%,$ how much should the stock sell for?

$[$ $ $53\mathrm{.}16$; $ $54\mathrm{.}81$; $ $39\mathrm{.}37$; $ $38\mathrm{.}18$; $ $49\mathrm{.}26]$