According to the prospectus of New Start Ltd, the company anticipates paying its first dividend of $0.75 in 5 years time, and thereafter expects the dividend to increase by 3.5% each year indefinitely. If the required return is 15%, what is the current value of a New Start share today?

a.$3.73

b.$5.00

c.$6.52

d.$3.86

e.$3.24