Suppose Acme Inc. plans to pay a dividend of $3.25 in one year (Year 1) and $5.00 in two years (Year 2). Following this, the company will not pay any dividends for 8 years. At the end of Year 10, the company will start paying a fixed annual dividend of $2.25 per share every year for eternity. If Acme Inc.'s equity cost of capital is 15.00%, what is its current price?
A) $10.31
B) $12.08
C) $10.87
D) $21.61