You are considering purchasing a stock in a fast-growing company. In the recent financial statements, the firm reported EPS of $3.42. You expect earnings to grow at 15% annually for the next four years. After that you think earnings growth will slow to 4% per year into the future. If you require a return of 12% on this investment, what are you willing to pay for the stock?

Group of answer choices

A.$59.34

B.$71.25

C.$82.46

D.$60.91