The dividend on Global Motors common stock will be $2 in 1 year, $3.50 in 2 years, and $5.00 in 3 years. You can sell the stock for $75 in 3 years. If you required a 10% return on your investment, how much would you be willing to pay for a share of this stock today?

Please show all work in a standard format. Key answer is $64.82