Sales and profits of Growth Inc. are expected to grow at a rate of 25% per year for the next six years but the company will pay no dividends and reinvest all earnings. After that, the dividends will grow at a constant annual rate of 7%. At the end of year 7, the company plans to pay its first dividend of $3.00 per share. If the required return is 16%, how much is the stock worth today?

A.$20.52

B.$13.68

C.$22.80

D.$18.24

E.$25.08

F.$15.96