A share of stock just recently released a dividend for $0.37 per share, and has expected growth rate of 2.60% in the next year, 1.50% in the second year, 3.80% in the third year and 5.00% in the fourth year. The firm's price is currently $4.04 what is the terminal growth rate in year 5 and after that the market is pricing in for the firm given that the expected discount rate on this stock is 13.40%.

a. 4.20%

b. -1.81%

c. -9.20%

d. 3.39%