You are trying to estimate the intrinsic value of the shares of Flying High Lid, a manufacturer of unmanned aerial vehicles, or drones. The company is headquartered in Melbourne, and sells its drones throughout Australia and New Zealand. It is a public company, but is not yet listed on the stock exchange. There are 40,000 shares outstanding. The firm pays an annual dividend. The most recent dividend was $2.75. The required rate of return is 14.14%. Upon conducting a more detailed analysis, you now conclude that the firm is still in the growth stage of a company's life cycle. You believe the dividend will grow at 7.1% for the next 2 years and will then settle down to a constant growth rate of 2.4% in perpetuity. If you use a 2-stage dividend discount model, assuming that the dividend grows at 7.1% in Years 1 and 2, and then grows at 2.4% in Year 3, what will be the value of the dividend in Year 3? O a. $3.46 O b. $3.38 O c. $3.23 O d. $3.02