The Sunyside Co. is a new firm in a rapidly growing industry. The company plans to increase its annual dividend by 15 percent a year for the next 4 years, after which the dividend growth rate will slow to 6 percent per year. The company just paid $2.90 per share as its annual dividend. What is the current value of one share if the required annual return is 8.40 percent?

A) $226.92

B) $224.02

C) $162.24

D) $175.72

E) $178.62