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The Ramirez Company's last dividend was $1.75. Its dividend growth rate is expected to be constant at 22% for 2 years after which dividends are

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The Ramirez Company's last dividend was $1.75. Its dividend growth rate is expected to be constant at 22% for 2 years after which dividends are expected to grow at a rate of 6% forever. Its required return (r)is 12%. What is the best estimate of the current stock price? Do not round intermediate calculations $49,61 O $41.89 $40.67 $42.70 053660

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