What comes closest to the value today of a stock that just paid a dividend of $1.65 and expects to grow that dividend by 8.00% per year in year 1 and year 2, and then grow but will then see the growth in dividends fall to 1.50% in the third year and will continue to grow at that lower rate each year thereafter forever. Using a required rate of return of 6.00%, provide an estimate of the price of the stock.

		$37.22
		$36.67
		$82.50
		$39.84
		$42.03