Astro Burger announced today that it will begin paying annual dividends. The first dividend of $0.35 will be paid in one year. The second and third annual dividends will be $0.40 and $0.55, respectively. The forth annual dividend will be $0.85, and subsequent dividends will increase at 2.7 percent per year in perpetuity. If your required return is 8 percent, how much are you willing to pay today to buy this stock?

A. $16.82

B. $16.92

C. $13.83

D. $16.47

E. $3.46