Lohn Corporation is expected to pay the following dividends over the next four years: $$12,$ $$10,$ $$7,$ and $$4.$ Afterward, the company pledges to maintain a constant $3$ percent growth rate in dividends forever.

If the required return on the stock is $12$ percent, what is the current share price?

Multiple Choice

$$56\mathrm{.}96$

$$52\mathrm{.}54$

$$53\mathrm{.}26$

$$62\mathrm{.}19$

$$55\mathrm{.}30$

PLS EXPLAIN IN DETAIL $!!!!!$