Marshall's Electronic Gadgetry is a rapidly growing company in which dividends are expected to grow at a 22 percent rate for the next 3 years. At that time, the growth rate is expected to fall to a constant 6 percent thereafter. The required return is 9 percent and the company just paid a $3.80 annual dividend. What is the current share price?
a. $179.85
b. $197.23
c. $202.62
d. $227.92
e. $243.81