Use the Following Information to Answer the Question Below

Use the following information to answer the question below.
ACM, Inc. paid a $2.00 dividend yesterday. The dividend is expected to grow at a 20 percent annual rate for each of the next three years. After this period, the dividend will grow at 6 percent forever. The required rate of return on ACM is 15%.
-What is the present value of the dividends during the supernormal growth phase?

A) $8.74
B) $10.74
C) $8.54
D) $6.54