Whited Inc.'s stock is expected to pay a dividend of $2.2031 at the end of the year (i.e., D1 = $2.2031). The dividend is projected to increase at a constant rate of 5.25% per year. The required rate of return on the stock, Is, is 11.50%. What is the stock's expected price 5 years from now? Round your intermediate calculations to at least four decimal places. $39.15 O $40.06 O $45.53 $52.81 O $47.80