18. MT Technologies recently acquired a patent for the new software it just developed and its profits are expected to grow at a rapid rate. The company's current dividend of $2.9 is expected to grow at a rate of 18% for the first three years, 10% for the next two years and a constant growth rate of 7% thereafter. Given the cost of equity of 11%, the value of the stock today is closest to: A. $108.24 B. $111.54 C. $107,42