Four years ago, Ultramar Diamond Inc. paid a dividend of \($0.80\) per share. This year Ultramar paid a dividend of \($1.66\) per share. It is expected that the company will pay dividends growing at the same rate for the next 5 years. Thereafter, the growth rate will level at 8% per year. The required return on this stock is 18%. According to the discounted dividend model, what would Ultramar’s cash dividend be in 7 years?

a. \($2.86\)

b. \($3.06\)

c. \($3.68\)

d. \($4.30\)

e. \($4.82\)