PALTEL Communications is a firm in a rapidly growing industry. the company is planning on increasing its annual dividend by $14$ percent a year for the next $5$ years and then decreasing the gro!th rate to $5\mathrm{.}3$ percent per year. the company just paid its annual dividends in the amount of $$0\mathrm{.}50$ per share. What is the approximate current value of one share of this stock if the required rate of return is $17$ percent"

a$.1\mathrm{.}84$

b$.6\mathrm{.}3$

c$.3\mathrm{.}5$

d$.$ cannot be calculated

e$.7$