you expect a company will have earnings per share of $2 for the upcoming year. the company plans to retain all of its earnings for the years 1-3. For the subsequent two years (years 4&5). the firm plans on retaining 50% of its earnings. It will then retain only 25% of its earnings from that point forward. retained earnings will be invested in projects with an expected return of 20% per year. if the company's equity cost capital is 9% then the price of a share of the company's stock is closest to _____

A. 16.54 B.53.42 C.41.31 D.24.82