Day and Associates is experiencing a perio

问题：

Day and Associates is experiencing a period of abnormal growth. The last dividend paid by Day was $0.75. Next year, they anticipate growth in dividends and earnings of 25 percent followed by negative 5 percent growth in the second year. The company will level off to a normal growth rate of 8 percent in year three and is expected to maintain an 8 percent growth rate for the foreseeable future. Investors require a 12 percent rate of return on Day.
What is the approximate amount that an investor would be willing to pay today for the two years of abnormal dividends（）

A. $1.55.

B. $1.83.

C. $1.62.