A firm currently pays a dividend of $0.10 a share. The dividend is expected to grow at a rate of 16% for the next five years before slowing to a constant growth rate of 5% indefinitely. If you require an 18% return on this firm's stock, what is the maximum price you would pay for it?

A. $7.54

B. $16.63

C. $0.48

D. None of the above