The Extreme Reaches Corp

The Extreme Reaches Corp.last paid a $1.50 per share annual dividend.The company is planning on paying $3,$5,$7.50,and $10 a share over the next four years,respectively.After that the dividend will be a constant $2.50 per share per year.What is the current price of this stock if the rate of return is 14 percent?

A) $24.59
B) $31.96
C) $26.57
D) $28.03
E) $33.71