Sawchuck Consulting has been profitable for the last 5 years, but it has never paid a dividend. Management has indicated that it plans to pay a $0.25 dividend 3 years from today, then to increase it at a relatively rapid rate for 2 years, and then to increase it at a constant rate of 8.00% thereafter. Management's forecast of the future dividend stream, along with the forecasted growth rates, is shown below. Assuming a required return of 11.00%, what is your estimate of the stock's current value? Year 0 1 2 3 4 5 6 7 Growth rate NA NA NA NA 20% 10% 8.00% 8.00% Dividends $0.000 $0.000 $0.000 $0.25 $0.30 $0.33 $0.36 $0.39 Use the rounded values of dividends (as given in the table above) for your subsequent calculations. Select the correct answer. a. $11.70 Ob. $7.70 c. $11.20 Od. $10.20 Oe. $12.25