The In-Tech Company just paid a dividend of $1.75 per share. Analysts expect its dividend to grow at 25 percent per year for the next three years and then 5 percent per year thereafter. If the required rate of return on the stock is 14 percent, what is the current value of the stock?

A. 33.25

B. 32.21

C. 35.48

D. 36.06