A7X Corp. just paid a dividend of $1.60 per share. The dividends are expected to grow at 25 percent for the next 7 years and then level off to a growth rate of 5 percent indefinitely. If the required return is 14 percent, what is the price of the stock today? A) $51.00 B) $53.08 C) $52.04 D) $35.57 E) $2.05