Sedgwick, Inc. has a 12% required rate of return. It does not expect to initiate dividends for 15 years, at which time it will pay $2.00 per share in dividends. At that time, Sedgwick expects its dividends to grow at 7% forever. What is an estimate of Sedgwick's price in 15 years (P₁₅) if its dividend at the end of year 15 is $2.00?

		$42.80
		$33.40
		$31.20
		$30.00