Suppose Procter & Gamble Co. will pay a dividend of $3.5 per share one year from today (year 1), which will grow at 10% each year until (and including) year 3. After year 3, dividends will grow at 4% per year forever. If the firms equity cost of capital is 13.00%, what is the current price per share of Procter & Gamble Co.?

Group of answer choices

$33.92

$42.96

$46.42

$46.36