A stock just paid a dividend of $1. The dividend for the next 3 years is expected to grow at a 30% rate after which the dividend of the 4th year and all future years is expected to grow at a rate of return consistent with a ROE of 10% and a dividend payout rate of 60%. If the discount rate is 14%, what should the stock be valued at? A) $19.38 B) $20.89 C) $22.90 D) $25.10