Questions 20 - 23 are based on the following information relating to Turkey Turbine Corporation. The company paid a dividend of $.93 per share quarterly, totaling to $3.72 for the most recent full year, on its common stock. Based on a study of the risk of owning this stock, analysts at Uruguay Investment Management Funds have determined that the required annual rate of return should be ke or r = 8.4%. The first analyst, Ms. Uzbekistan, feels that the per-share dividend will remain close to the most recent year's level for many years into the future, such that she can sensibly model its value as a perpetuity. What is the highest price this analyst thinks the Uruguay funds should be willing to pay for a share of Turkey Turbine Corporation's common stock? O A. $48.01 B. $11.90 C. $44.29 D. $79.49 E. $31.25