Can't Hold Me Back, Inc

Can't Hold Me Back, Inc. is preparing to pay its first dividends. It is going to pay $1.00, $2.50, and $5.00 a share over the next three years, respectively. After that, the company has stated that the
Annual dividend will be $1.25 per share indefinitely. What is this stock worth to you per share if you
Demand a 7% rate of return?

A) $7.20
B) $14.48
C) $18.88
D) $21.78
E) $25.06