Jefferson Corporation's current total dividend payments (annual dividend payments plus stock buy-backs) is $13,089 (in millions) and is expected to grow by 5% for the next 5 years. Hence its projected dividends are: Year+1 Year+2 Year+3 Year+4 Year+5 $13,743 $14,431 $15,152 $15,910 $16,705 If Jefferson's expected rate of return is 7%, what is the present value of its forecasted dividends? A. $54,246 B. $61,859 C. $66,324 D. $74,243