Marcel Co. is growing quickly. Dividends are expected to grow at a 24 percent rate for the next 3 years, with the growth rate falling off to a constant 7 percent thereafter.

Required:

If the required return is 15 percent and the company just paid a $3.00 dividend. what is the current share price?

	$60.79
	$59.57
	$54.22
	$62.00
	$57.02