Citi Group (C)s current annual dividend is $4.80 per share, which has been growing at 10 percent each year for the past 3 years. If starting from this year, the dividend growth rate declines linearly to 4% over a 8-year period, and it stays at 4 percent into perpetuity thereafter. Assuming Citi's estimated cost of equity is 12%, please compute the fair price of Citi Group today.

A) $76.80

B) $14.40

C) $48.00

D) $62.40