Alpha Blockchain is a young firm in a rapidly growing industry. The company is planning on increasing its annual dividend by 15% a year for the next four years and then decreasing the growth rate to 5% per year. The company just paid its annual dividend in the amount of $3.60 per share. What is the current value of one share if the required rate of return is 12%?

$75.41

$72.20

$69.88

$66.37

$63.95