Avril Synchronistics will pay a dividend of $1.20 per share in one year. After that, the dividend is expected to grow by 3% each year in the future. What is the current value of a single share of Avril's stock if the firm's equity cost of capital is 16%? O $7.50 O $40.00 $6.46 O $1.03 O $9.23 $10.15 O $6.92 O $4.00