A Stock You Are Interested in Paid a Dividend of $1

A stock you are interested in paid a dividend of $1 last year.The anticipated growth rate in dividends and earnings is 20% for the next year and 10% the year after that before settling down to a constant 5% growth rate.The discount rate is 12%.Calculate the expected price of the stock.

A) $17.20
B) $17.90
C) $18.20
D) $19.40
E) $19.75