Dixie Mart Plans to Pay Dividends of $1

Dixie Mart plans to pay dividends of $1.36, $1.15, $1.35, and $.40 at the end of the next four years, respectively.After that, the company will be sold and shareholders are expected to receive $82.40 per share in Year 6 when the sale should be finalized.If the required return is 11.4 percent, what is the current value of one share of this stock?

A) $47.71
B) $51.87
C) $46.50
D) $51.08
E) $47.29