Laser Optics will have a dividend growth of 25% for the next 3 years and an 6% perpetual growth rate after that.

Laser Optics will have a dividend growth of 25% for the next 3 years and an 6% perpetual growth 

rate after that. The dividend is expected to be $1 at the end of year one, and the appropriate required rate of 

return is 10%. The present value of this investment is: 

(a) $3.12. (b) $41.41. (c) $44.53. (d) $34.23.