A company is planning on increasing its annual dividend by 6.25% a year for the next three years and then settling down to a constant growth rate of 1.25% per year in perpetuity. The company just paid its annual dividend in the amount of $0.55 per share. What is the current stock price if the required rate of return is 16.25%? $3.90 $4.01 $4.11 $4.22 $4.32