Nonconstant growth valuation

Bickum Inc. just paid a dividend of D₀ = $4.50. Analysts expect the company's dividend to grow by 12% this year, by 8% in Year 2, and at a constant rate of 4% in Year 3 and thereafter. The required return on this stock is 10.00%. What is the per-share estimate of the stocks intrinsic value?

a. $50.40

b. $62.33

c. $79.97

d. $84.22

e. $87.05