You are evaluating the stock of Thomas inc. The company will pay a dividend of $2.44 per share next year and pledges to increase its dividend by 3.7 percent per year indefinitely. If you require a return of 8 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 $5674 $61.58 54727 551.89 55911