Crystal Glass recently paid $5.76 as an annual dividend. Future dividends are projected at $6.08, $6.56, and $6.80 over the next three years, respectively. Beginning from fourth year, the dividend is expected to increase by 3.25 percent annually. What is one share of this stock worth today at a discount rate of 12.5 percent?

A) $42.92

B) $53.46

C) $65.72

D) $68.67

E) $70.58