You are considering purchasing stock in Canyon Echo. You feel the company will increase its dividend at $3\mathrm{.}5$ percent indefinitely. The company just paid a dividend of $$3\mathrm{.}74$ and you feel that the required return on the stock is $12\mathrm{.}1$ percent. What is the price per share of the company's stock?

Multiple Choice

$$40\mathrm{.}51$

$$45\mathrm{.}01$

$$30\mathrm{.}91$

$$43\mathrm{.}49$

$$42\mathrm{.}76$