Mack Industries just paid a dividend of $2 per share (D0= $2). Analysts expect the company's dividend to grow 5 percent this year (D1 = $2.1) and 8 percent next year. After two years the dividend is expected to grow at a constant rate of 6 percent. The required rate of return on the company's stock is 11 percent. What should be the company's current stock price? $38.76 $42.76 $36.76 $40.76 $34.76