Nu-Tech is expecting a period of intense growth and has decided to reduce its annual dividend by 10 percent a year for the next two years. After that, it will maintain a constant dividend of $.70 a share. The company just paid $1.80 per share. What is the value of this stock if the required rate of return is 13 percent?

A) $6.99

B) $6.79

C) $8.22

D) $8.87

E) $7.62