Your brother wants to purchase common stock of ABC Company that just paid a dividend of $2.1 per share. The company's dividends and earnings are estimated to grow 12% for the next 3 years. After this period, the company will grow at a rate of 5% forever. Your brother requires a return rate of 15%? Given these assumptions, what is the most your brother should pay for this stock? (Note: round your answe to the nearest $1) $32 $26 $31 $34