Question $1(10$ points$)$

Amalgamated Industrial is growing quickly. Dividends are expected to grow at a $10$ percent rate for the next $4$ years, with the growth rate falling off to a constant $4\mathrm{.}25$ percent thereafter. If the required return is $11\mathrm{.}5$ percent and the company just paid a $$2\mathrm{.}40$ dividend. what is the current share price? $($Do not round your intermediate calculations.$)$

$$38\mathrm{.}61$

$$42\mathrm{.}81$

$$41\mathrm{.}97$

$$40\mathrm{.}71$

$$39\mathrm{.}87$