The Kessner Company Just Paid a $1

The Kessner Company just paid a $1.00 dividend. Kessner's growth rate is expected to be 20 percent for 2 years, after which dividends are expected to grow at a rate of 7 percent forever. Kessner's required rate of return on equity (rs) is 11 percent. What is the current price of Kessner's common stock?

A) $29.64
B) $30.28
C) $31.72
D) $32.95
E) $33.51