New century medica techology corporations stock has a required return of 13%. The firm just paid dividend of $1.00, and the dividend is expected to grow by 30% per year for the next 4 years , so D4= $1.00 (1.30)4= $2.8561. Aftee t=4, the dividend is expected to grow at a constant rate of 8.7% per year forever. What is the stocks fair value ?

A. $50.00

B. $55.00

C. $60.00

D. None of the above