Parker Travels Inc. paid a dividend of $2.50 for the year ended December 31st, 2018, its last reported fiscal year. The company's dividends are forecast to at a rate of 4.0% for the foreseeable future. The company's cost of equity is estimated at 11.0%. What is the estimated price of Parker's stock today? $22.29 O $33.43 O $37.14 $14.86 O $40.86