Imperial Distributors anticipates they will pay $2.55 in dividends next year. The appropriate discount rate is 9.80% and they expect dividends will grow at 3.75% for the foreseeable future. Imperial's stock price is:( )

Terahertz Tech (TT) expects dividends to grow by 9.75% for the next two years, then for growth to stabilize at 3.75% for the long-term, Their most recent annual dividends were $4.05. You estimate the discount rate for TT to be 10.40%. Using this information, you determine the company's price should be:

A. $84.14.

B. $64.59.

C. $70.47.