Miller Juice is a young company that currently does not pay a dividend. The company retains all its earnings to finance its growth. However, 10 years from now the company is expected to start paying a $1.5 dividend. According to research reports, the dividend should then grow by 5% annually forever. If the required return on the share investment is 14%, what should be Miller's share price today?

Select one:

a. $5.13

b. $10.71

c. $16.67

d. $4.50