An analyst gathered the following information about LION Manufacturing Company. LION Manufacturing Company paid a $00 dividend this year. Over the next 3 years, dividends and earnings are expected to grow at a rate of 18 percent. After three years, LION Manufacturing Company is expected to grow at a constant rate of 7 percent. If investors require a return of 12 percent on similar companies, which of the following choices is closest to the estimated value of the stock?

A.$25.80.

B.$26.12.

C.$28.31.