R&D Technology Corporation has just paid a dividend of $$0\mathrm{.}50$ per share. The dividends are expected to grow at $24\%$ per year for the next two years and at $8\%$ per year thereafter. If the required rate of return in the stock is $16\%($APR$),$ calculate the current value of the stock.

$$8\mathrm{.}82$

None of the above

$$1\mathrm{.}11$

$$7\mathrm{.}71$