Twitter Inc. just paid a dividend of $2.46 per share and in its guidance to shareholders during its recent earnings call, it said that it expects to increase its dividend by 20 percent and 15 over the next two years, respectively. After that, Twitter will increase its annual dividend at 4 percent. If the equity cost of capital is 11.6 percent, the stock price today is:

A $15.00

B $37.30

C $42.67

D $41.31

E $39.94