T-Mobile just paid a dividend of D0 = $1.32. Analysts expect the companys dividend to grow by 30% this year, by 10% in Year 2, and at a constant rate of 5% in Year 3 and thereafter. The required return on this stock is 8%. Determine the stock's current value using the nonconstant growth stock valuation model. Group of answer choices

$44.87

$48.65

$59.85

$53.19