Valorous Corporation will pay a dividend of $ 1.75 per share at this year's end and a dividend of $ 2.40 per share at the end of next year. It is expected that the price of Valorous' stock will be $ 44 per share after two years. If Valorous has an equity cost of capital of 8%, what is the maximum price that a prudent investor would be willing to pay for a share of Valorous stock today?