An Investor Estimates That a Company Has a Maintainable Constant $\$ 16.78$

An investor estimates that a company has a maintainable constant level of EPS of $1.20.The investor also estimates the cost of equity capital to be 14%.New projects adopted for the next three years are expected to generate net returns equal to $4.70,$7.90 and $8.10 in years 1,2 and 3 respectively.What is the present value of one share in this company?

A) $\$ 16.78$
B) $\$ 19.61$
C) $\$ 21.61$
D) $\$ 24.24$