General Importers Announced Today That Its Next Annual Dividend Will

General Importers announced today that its next annual dividend will be $2.60 per share.After that dividend is paid,the company expects to encounter some financial difficulties and is going to suspend dividends for five years.Following the suspension period,the company expects to pay a constant annual dividend of $1.30 per share.What is the current value of this stock if the required return is 18 per cent?

A) $3.55
B) $4.88
C) $4.27
D) $3.01
E) $3.89