Avon is a new firm in a rapidly growing industry. The company is planning on increasing its annual dividend by 25% 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 $1.00 per share. What is the current value of one share if the required rate of return is 14.40%?

		$18.65
		$19.41
		$20.94
		$21.86
		$22.35