As a financial analyst working for CSFB your job is to evaluate the equity value of the WIFI Inc. Your research identified the following information about that firm: the required rate of return on capital is 20%. The dividends are expected to be $1.20 in 2022, $1.40 in 2023 and $1.60 in 2024. After that, dividends are projected to increase at a constant rate of 4.5% per year forever. The value per share of WIFI Inc. today (in 2021) is _____.

A. $2.90 B. $6.24 C. $9.14 D. $10.79 E. $13.69