The Extreme Reaches Corp

The Extreme Reaches Corp.last paid a $1.50 per share annual dividend.The company is planning on paying $3.00,$5.00,$7.50,and $10.00 a share over the next four years,respectively.After that the dividend will be a constant $2.50 per share per year.What is the market price of this stock if the market rate of return is 14%?

A) $17.04
B) $22.39
C) $26.57
D) $28.03
E) $33.71