FastBiz Inc. is currently not paying a dividend. You predict that, in six years, FastBiz will pay a dividend for the first time. The dividend will be $0.40 per share. You expect that this dividend will grow at a rate of 8% per year indefinitely. The required return on companies such as FastBiz inc. is 17% p.a. What is the fair value of the ordinary share today?

A.$4.44

B.$1.73

C.$2.03

D.$4.80

E.$2.19