A company that we expect to only exist for 7 years plans to make the following dividend payments: $2.00 three year from now, $4.00 four years from now, and a final dividend of $28 seven years from now. After this time, the company will no longer exist. If investors demand a rate of return of 15% for holding this stock, how much would it be trading at today?

Select one:

a. $28

b. $20.00

c. $14.13

d. $10.00

e. $2.00