Lempro Inc. has met with investors and laid out a plan to change the amount it pays in dividends. It is planning to pay an equal dividend at the end of each of the next three years (starting at t=1 ) in the amount of $2.70; and thereafter increase the dividend 2.5% each year indefinitely. Upon hearing this news, to what price per share should the stock move immediately in anticipation of the new expected stream of dividends, given an 8% cost of equity (discount rate)? (Round to the nearest $0.01 ) $49.83 $46.80$52.78$45.93 $40.88