You are evaluating the stock of Speith Corp.. The company will pay a dividend of $2.10 per share next year and pledges to increase its dividend by 3.0 percent per year indefinitely. If you require a return of 7 percent on your investment, how much will you pay for the company's stock today? (Do not round intermediate calculations and round your final answer to two decimal places.) Multiple Choice $60,72 $51.23 $58.19 $52.50 $46.89