Suppose Casper Ltd, a publicly listed corporation, currently pay no dividends. Based on current projections and management forecasts, investors are expecting the company to pay its first ever cash dividend of $5.46 in exactly two years from today. Each subsequent dividend is expected to grow by 2% per annum forever. If the required return on equity is 12%, what should be the stock price of Casper Ltd today? $54.60 $36.49 $48.75 $43.53