Deluxe Company Expects to Pay a Dividend of $2 Per

Deluxe Company expects to pay a dividend of $2 per share at the end of year 1, $3 per share at the end of year 2, and then be sold for $32 per share at the end of year 2. If the required rate of return on the stock is 15 percent, what is the current value of the stock?

A) $28.20
B) $32.17
C) $32.00
D) $29.18