Von Bora Corporation (VBC) is expected to pay a $2.00 dividend at the end of this year. If you expect VBC's dividend to grow by 6% per year forever and VBC's equity cost of capital to be 12%, then the value of a share of VBC stock is closest to

$42.2

$27.5

$39.7

$35.3

$37.4

$33.3