Nachman Industries Just Paid a Dividend of D₀ = $3

Nachman Industries just paid a dividend of D₀ = $3.75.Analysts expect the company's dividend to grow by 30% this year,by 10% in Year 2,and at a constant rate of 5% in Year 3 and thereafter.The required return on this low-risk stock is 9.00%.What is the best estimate of the stock's current market value? Do not round intermediate calculations.

A) $144.04
B) $135.11
C) $127.47
D) $151.68
E) $130.01