An equity analyst from Jefferies & Co$.$ expects Johnson & Johnson $($NYSE: JNJ$)$ current annual dividend of $$1\mathrm{.}50$ to grow by $25\%$ in one year $15\%$ for two consecutive years. The analyst then forecasts the initial non$-$linear supernormal dividend growth rate of $15\%$ to decline linearly to a final and constant growth rate of $8\%$ over a $10-$year period. Company's estimated cost of equity is $12\%.$ Which of the following is closest to the estimate of the fair value of JNJ based on these inputs?

$$68\mathrm{.}26$

$$51\mathrm{.}27$

$$76\mathrm{.}21$

$$54\mathrm{.}75$