Michigan Motor Company is currently paying a dividend of $1.50 per year.  The dividends are expected to grow at a rate of 20% for the next three years and then a constant rate of 6 % thereafter.  What is the expected dividend per share in year 5?

2. A) $2.59
3. B) $2.00
4. C) $2.91
5. D) $1.50
6. E) None of the above