You find a stock that currently doesnt pay a dividend but has announced that it will begin paying a dividend in seven years. Afterward the dividend is expected to grow at 8%. You believe the initial dividend will be $5 and require a return of 16.4%. What is the most you would be willing to pay for the stock?

A. $22.21 B. $20.56 C. $23.93 D. $59.52