BioSci, Inc., a biotech firm has forecast the following cash flows for the next three years: 1.5, 1.8, and 2.0. The company then expects to grow at a constant rate of 7 percent for the next several years. The company paid a dividend of $2.00 last week. If the required rate of return is 16 percent, what is the market value of this stock?

A $56.12

B $36.86

C $46.37

D $51.03