You are buying a non$-$constant growth stock. The most recent annual dividend payment was $$0\mathrm{.}96$ per share. Dividends are expected to grow at a rate of $11\%$ per year over the next five years, after which they are expected to grow at a rate of $5\mathrm{.}2\%$ per year. Calculate the fair present value of the stock if the required rate of return is $8\mathrm{.}5\%$ per year and choose the answer below that is closest.

A$.31\mathrm{.}27$

B$.39\mathrm{.}44$

C$.46\mathrm{.}11$

D$.53\mathrm{.}18$