Steelcase is a young firm in a rapidly growing industry. The company is planning on increasing its annual dividend by 18% a year for the next four years and then decreasing the growth rate to 6% per year. The company just paid its annual dividend in the amount of $1.60 per share. What is the current value of one share if the required rate of return is 12%?

		$42.13
		$40.58
		$38.81
		$36.52
		$34.66