Phoenix Pharmaceutical is a profitable company and will pay its next dividend in the amount of $2.45 per share. Phoenix will increase its dividend 20% the year after that, and then will start to decrease its dividend growth rate by 5% per year until it reaches the peer average of 5% dividend growth rate, and after that, Phoenix will keep this constant growth rate forever. If Phoenix investors required rate of return is 11%, how much will be the share price today for Phoenix? A. $56.11 B. $50.49 C. $54.21 D. $52.39 E. $58.02