Melt&Shop has a current dividend of $3.00 per share. Morgan&Stan investment expect that the dividend will grow at a rate of 25 percent a year for the next three years, and thereafter it will grow at a constant rate of 10 percent a year. The company's required return is estimated to be 15 percent. Knowing this information how much would you pay for Melt&Shop?

	a.	$103.25
	b.	$110.00
	c.	$75.00
	d.	$95.42
	e.	$88.55