Menehune, INC is expanding rapidly. As a result, the company expects to pay annual dividends of $.60, .80 and $1.00 per share of the next three years respectively. After that, the dividend is projected to increase by 5% annually. what is the current value of this stock if the required return is 17%?

A. $7.63

B. $8.13

C. $10.47

D. $13.50