Cantaloupe Growers Corp. is expanding into a new geographic area. Management expects the new market to fuel growth of 22% for three years. After that normal growth of 6% will resume. Cantaloupe's most recent annual dividend was $1.25. Other fruit companies have been returning about 12% lately. How much should a share of Cantaloupe be worth?

A) $33.06
B) $38.00
C) $40.17
D) $68.32

Geographic Area

Geographic area refers to a specific portion of the Earth's surface identified or defined for the purposes of data collection, analysis, or specific operational use.

Annual Dividend

The total dividend payment a company distributes to its shareholders in a year, often quoted per share.

Growth

An increase in the value of an asset or company, often measured by revenue, profits, or size expansion.