Lohn Corporation is expected to pay the following dividends over the next four years: $$14,$$$10,$$$5,$ and $$1.$ Afterward, the company pledges to maintain a constant $6$ percent growth rate in dividends forever.

If the required return on the stock is $16$ percent, what is the current share price?

Multiple Choice

$$ $$29\mathrm{.}06$

$$ $$29\mathrm{.}11$

$$ $$38\mathrm{.}30$

$$ $$29\mathrm{.}98$

$$ $$27\mathrm{.}65$