A company has just paid its first dividend of $1.67. Next year's dividend is forecast to grow by 8 percent, followed by another 8 per cent growth in year two. From year three onwards dividends are expected to grow by 3.9 percent per annum, indefinitely. Investors require a rate of return of 15 percent pa. for investments of this type. The current price of the share is (round to nearest cent) Select one: O a. $16.83 O b.$15.36 O c.$8.54 O d. $8.83