Lohn Corporation is expected to pay the following dividends over the next four years: $12, $9, $6, and $2. Afterward, the company pledges to maintain a constant 8 percent growth rate in dividends forever. If the required return on the stock is 17 percent, what is the current share price?

Multiple Choice

$32.73

$34.45

$42.59

$35.49

$33.88