At Date 0, the Market's Expectation for the Year 1

At date 0, the market's expectation for the year 1 dividend on firm XYZ's stock is D₁=$1.45.The market also expects dividends to grow at an annual rate of g_S=2% in the following 3 years after which dividends will grow at an annual rate of g_N=6% into perpetuity.If the firm's cost of equity capital is r_E=1%, the value of XYZ stock is:

A) $31.52
B) $25.52
C) $19.52
D) $13.52