The Nikko Company's Last Dividend Was $1

The Nikko Company's last dividend was $1.50. The dividend growth rate is expected to be constant at 15% for 3 years, after which dividends are expected to grow at a rate of 6% forever. If Nikko's required return (rs) is 11%, what is the company's current share price?

A) $36.69
B) $37.82
C) $38.99
D) $40.20