Martin's Yachts Is Expected to Pay Annual Dividends of $1

Martin's Yachts is expected to pay annual dividends of $1.40,$1.75,and $2.00 a share over the next three years,respectively.After that,the dividend is expected to remain constant.What is the current value per share at a discount rate of 14 percent?

A) $12.22
B) $13.57
C) $13.08
D) $12.82
E) $13.39