Velocity Inc. pays a constant $$4$ dividend on its stock. The company will maintain this dividend for the next $10$ years and will then cease paying dividends

forever. What is the current share price if the required return on this stock is $7\mathrm{.}5$ percent? $($Do not round intermediate calculations and round your

answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

Multiple Choice

$$41\mathrm{.}06$

$$21\mathrm{.}66$

$$36\mathrm{.}95$

$$27\mathrm{.}46$

$$33\mathrm{.}54$