Lohn Corporation is expected to pay the following dividends over the next four years: $13, $8, $4, and $3. Afterward, the company pledges to maintain a constant 6 percent growth rate in dividends forever.

If the required return on the stock is 15 percent, what is the current share price?

Multiple Choice

$39.81

$43.16

$40.69

$49.27

$41.90