. A company is a fast growing technology company. The firm projects a rapid growth of 40 percent for the next two years and then a growth rate of 20 percent for the following two years. After that, the firm expects a constant-growth rate of 12 percent. The firm expects to pay its first dividend of $1.25 a year from now. If your required rate of return on such stocks is 20 percent, what is the current price of the stock? A. $30.30 B. $15.63 C. $21.70 D. $22.68 E. $18.06

Please preface solution with any financial formulas used and show work. Thank you