Square (SQ) has just paid an annual dividend of $2. Analysts are predicting an 8% growth rate per year for the next 2 years. After two years, Square is expected to grow by 2% per year forever. Squares cost of equity is 9% per year. What is the price of one share in Square according to the dividend discount model?

A. 15.2

B. 25.1

C. 32.6

D. 45.6