11. An analyst gathered the following data about a stock: The stock paid a $1 dividend last year; Next years dividend is projected to be 10% higher; The stock is projected to sell for $25 at the end of the year; The risk-free rate of interest is 8%; The expected return on the market is 13%; The stocks beta is 1.2. The value of the stock today is closest to: *

A. $19.45

B. $22.89

C. $26.74

D. $30.20

E. $18.00