You are considering the purchase of a stock that just paid an annual dividend of $1.00. Dividends are expected to grow at the rate of 20% per year for the next two years and then they are expected to have a constant growth rate of 10% forever. If you require a 14% rate of return. How much should you be willing to pay for this stock?

A, 36.30

B, 32.63

C, 42.98

D, 29.86