The Flying Hermit Crab, Inc. (NYSE: FYI) has just paid a dividend of $1.5 a share. You believe that, over the long run, this firm's earnings and dividends grow at 4 percent. You estimate the required rate of return on this stock as 10 percent. Based on the DDM, what is the maximum price you should be willing to pay for the FYI stock? 01) $26.00 2) $30.00 3) $35.00 4) $40.00 4$ 5) $53.00