You have collected the following information for a company:

Cost of equity	10%
WACC	5%
Dividend per share in one year	2.31
Dividend from year 2 onwards	3.465

You have forecasted the dividends for this company:

Year	1	2	3	4
Dividend per share	2.31	3.465	3.465	3.465		3.465

Description: After one year the dividends are not expected to grow in perpetuity.

Value this company using the dividend discount model.

		Between $30.01 and $34
		Between $34.01 and $38
		Between $66 and $70
		Between $70 and $74