The Sly Fox Pays a Constant Dividend of $1

The Sly Fox pays a constant dividend of $1.46 a share. The company announced today that it will continue to pay the dividend for another 2 years and then in Year 3 it will pay a final liquidating dividend of $15.25 a share. What is one share of this stock worth today at a required return of 18.5 percent?

A) $12.92
B) $11.44
C) $12.07
D) $13.09
E) $14.20