Mack Industries just paid a dividend of $5 per share (DO=$5). Analysts expect the company's dividend to grow 7 percent this year (D1 = \$5.35) and 9 percent next year. After two years the dividend is expected to grow at a constant rate of 4 percent. The required rate of return on the company's stock is 15 percent. What should be the company's current stock price? $50.75 $52.75 $48.75 $46.75 $44.75