Moxon Investments does not expect to pay a dividend until the end of the 5th year, at which time it plans to pay a dividend of $1.50 per share. The dividends in years 6 and 7 are expected to be $2.00 and $2.50, respectively. From year 8 onwards, the firm is expected to pay a dividend of $3.50 per share, in perpetuity. What is a share in Moxon worth, if the company's shareholders expect to earn 9% p.a.?

Group of answer choices

$5.90

$24.81

None of the other answers is correct

$23.05

$42.42