Auto Transmissions Is Expected to Pay Annual Dividends of $1

Auto Transmissions is expected to pay annual dividends of $1.90 and $2.10 over the next two years,respectively.After that,the company expects to pay a constant dividend of $2.30 a share.What is the value of this stock at a required return of 15 per cent?

A) $15.60
B) $14.21
C) $15.08
D) $14.83
E) $13.67