The earnings$-$per$-$share of Posi Tech Ltd $($PTL$)$ are forecast to be $$7\mathrm{.}50$ in one year$$s time, then $$7\mathrm{.}75$ in the following year and $$8\mathrm{.}00$ in the third year, growing thereafter at $1\mathrm{.}5\%$ pa$.$ PTL$$s retention ratio is $60\%.$ The required rate of return on its shares is $14\%$ pa$.$

The estimated value of a PTL share is closest to:

$($A$)$ $$22\mathrm{.}56$

$($B$)$ $$24\mathrm{.}72$

$($C$)$ $$33\mathrm{.}84$

$($D$)$ $$37\mathrm{.}07$