Apocalyptica Corporation is expected to pay the following dividends over the next four years: $5.85, $16.85, $21.85, and $3.65. Afterwards, the company pledges to maintain a constant 5.50 percent growth rate in dividends, forever.

Required:

If the required return on the stock is 11.50 percent, what is the current share price? (Select rounded answers as directed, but do not use the rounded numbers in intermediate calculations.)

A. $76.28

B. $82.69

C. $78.45

D. $86.30

E. $74.17