Doctors-On-Call,a Newly Formed Medical Group,just Paid a Dividend of

Doctors-On-Call,a newly formed medical group,just paid a dividend of $.50.The company's dividends are expected to grow at a 20% rate for the next 5 years and at a 3% rate thereafter.What is the value of the stock if the appropriate discount rate is 12%?

A) $8.08
B) $11.17
C) $14.22
D) $17.32
E) $30.90