Agarwal Technologies was founded 10 years ago. It has been profitable for the last 5 years, but it has needed all of its earnings to support growth and thus has never paid a dividend. Management has indicated that it plans to pay a $1.00 dividend 3 years from today, then to increase it at a relatively rapid rate for 2 years, and then to increase it at a constant rate of 8.00% thereafter. Management's forecast of the future dividend stream, along with the forecasted growth rates, is shown below. Assuming a required return of 11.00%, what is your estimate of the stock's current value? Use the dividend values provided in the table below for your calculations. Do not round your intermediate calculations. Year Growth rate 0 NA Dividends $0.0000 O a. $48.66 O b. $43.05 O c. $52.68 d. $44.17 O e. $47.46 1 NA $0.0000 2 NA $0.0000 3 4 5 6 NA 60.00% 30.00% 8.00% $1.0000 $1.6000 $2.0800 $2.2464