The Canning Company has been hard hit by increased competition. Analysts predict that earnings (and dividends) will decline at a rate of 5 percent annually into the foreseeable future. If Canning's last dividend (D0) was $2.00, and investors' required rate of return is 17 percent, what will be Canning's stock price in 3 years?

A. a. $8.45

B. b. $7.41

C. c. $10.66

D. d. $6.52

E. e. $4.12