A fast growth share has the first dividend (t=1) of $1.87. Dividends are then expected to grow at a rate of 7 percent p.a. for a further 3 years. It then will settle to a constant-growth rate of 1.9 percent. . If the required rate of return is 16 percent, what is the current price of the share? (to the nearest cent) Select one: a. $36.36 b. $13.31 c. $13.26 d. $14.88