Synovec Company is growing quickly. Dividends are expected to grow at a rate of $24$ percent for the next $3$ years, with the growth rate falling off to a constant $5$ percent thereafter.

If the required return is $12$ percent and the company just paid a $$2\mathrm{.}40$ dividend. what is the current share price?

Multiple Choice

$$56\mathrm{.}56$

$$52\mathrm{.}48$

$$58\mathrm{.}87$

$$54\mathrm{.}45$

$$57\mathrm{.}71$