VNZ corporation will pay a dividend of $1.80 per share at this years end and a dividend of $2.40 per share at the end of the next year.

Investors believe(or expected) that after 2 years the companys stock will have a price of $44per share. If the forms cost of equity capital is 8% , what is the maximum price that a rational, risk-averse, investors would be willing to pay for the companys stock today?