The Dividend-Discount Model of Stock Valuation

The dividend-discount model of stock valuation:

A) is an application of the net present value formula.
B) takes the net present value of expected dividends and add it to the future sale price of the stock.
C) takes the net present value of the expected future price of the stock and adds the annual dividend.
D) takes the annual dividend, adds it to the expected future selling price and divides by the number of years to get the current price.