-Using the Dividend Discount Model, Assuming Dividends Grow at 10

$$\begin{array}{l}\text { Rivaz Corporation }\\\begin{array} { l r } & 2005 \\\text { Net Income } & \$ 3,000 \\\text { Dividends } & \$ 1,000 \\\text { Total Assets } - 12 / 31 / 05 & \$ 35,000 \\\text { Total Liabilities } - 12 / 31 / 05 & \$ 21,225 \\\text { Number of shares outstanding } & 1,000 \\\text { Cost of Equity } & 12 \%\end{array}\end{array}$$
-Using the dividend discount model, assuming dividends grow at 10% per year for the next two years and at 5% thereafter, what is the value per share of Rivaz Corporation at 12/31/05?

A) $16.61
B) $16.51
C) $16.42
D) $14.87