Q1.10 1 Point Gayle Ltd recently paid an annual dividend of 3.50 per share. Future dividends are projected at 3.60, 3.70, 3.80 and 4.00 over the next 4 years, respectively. After that, the dividend is expected to increase by 5 per cent annually forever. What is one Gayle Ltd share worth today if investors require a 12 per cent rate of return on similar investments? 32.59 45.16 49,54 57.14 66.00