Venture Inc. is a fast-growing bio-pharma company. The company just paid its first dividend of $1.00 per share. Given its rapid growth it expects to have the following annual dividend increases:

Years 1 and 2 25%

Thereafter a constant rate of 5%

Investors believe the company to be risky and require a rate of return of 15% on its stock. What is the company's current share price?

Group of answer choices

$10.54

$14.67

$15.91

$13.86