The Three Amigos Just Paid an Annual Dividend of

The Three Amigos just paid an annual dividend of $.60 per share but plans to double that amount each year for three years. After that, the firm expects to maintain a constant dividend. What is the value of this stock today if the required return is 15 percent?

A) $27.64
B) $29.61
C) $26.67
D) $23.05
E) $27.05