American Nanotech, Inc. began paying dividends for the first time three years ago and just paid a dividend of $5 today. You epect that dividend to grow by 25% for the upcoming two years, until competitive forces will force that grow rate down to a constant 4%, the long-term growth rate of the U.S. economy. If the expected rate of return for high-tech, nano-technology firms is 15%, what's the fair price of American Nanotech's stock? A) $53.75 B) $62.78 C) $78.47 D) $86.53 E) $67.19