Lohn Corporation is expected to pay the following dividends over the next four years: $16, $11, $8, and $5. Afterward, the company pledges to maintain a constant 4 percent growth rate in dividends forever.

If the required return on the stock is 13 percent, what is the current share price?

Multiple Choice

$72.74

$64.25

$66.82

$63.48

$68.83