Car Parts Center Recently Announced That It Will Pay Annual

Car Parts Center recently announced that it will pay annual dividends at the end of the next two years of $ 1.20 and $1.35 per share, respectively.Then, in Year 5 it plans to pay a final dividend of $11.75 a share before closing its doors permanently.At a required return of 17 percent, what should this stock sell for today?

A) $1.18
B) $14.14
C) $7.37
D) $11.27
E) $10.64