The Cincy Mill just paid a dividend of $3.47 per share on its stock. The dividends are expected to grow at a constant rate of 3.5 percent per year, indefinitely. What will the price of this stock be 7 years from today if investors require an annual return of 15 percent?

Group of answer choices

$41.12

$38.39

$39.73

$37.09

$43.09