Flash Forward, Inc. is a successful running gear company based in Central City. Flash Forward has a net income of $2 million and plans to maintain a payout ratio of 35%. Flash Forward lists $20 million in equity (i.e. common stock) on its balance sheet and just paid an annualized dividend of $1.10 per share. The required rate of return for one share of Flash Forward, Inc. stock is 14%. If analysts predict that Flash Forward stock will grow at the sustainable growth rate forever, what is the most you should pay today for one share of Flash Forward, Inc. stock?

A. $7.86

B. $10.48

C. $10.84

D. $14.67

E. $15.62