Beranek Technologies was founded 10 years ago. It has been profitable for the last 5 years, but it has needed all of its earnings to support growth and thus has never paid a dividend. Management has indicated that it plans to pay $0.50 dividend 3 years from today, then to increase it at a relatively rapid annual rate for 2 years, and then to increase it at a constant rate of 8.00% every year thereafter. The forecast of the future dividend stream, along with the forecasted growth rates, is shown below. Year 0 1 2 3 4 5 6 Growth NA NA NA NA 50.00% 25.00% 8.00% rate thereafter Dividend $0 $0 $0 $0.50 $0.75 $0.9375 $1.0125 If the required annual return is 11.00%, what is the current value per share? A. $32.11 B. $26.61 C. $21.44 D. $35.17