Square Industries does not expect to pay any dividends for the next three years. Four years from now, the firm hopes to pay $.60 a share and double that amount each year for the following three years. After that, the dividend is expected to increase in value by 3 percent annually. What is the value of this stock today if the required return is 12 percent? A) $29.30 B) $30.38 C) $31.76 D) $32.81 E) $27.13