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A company's last annual dividend was $ 2 a share. The company plans to pay $ 1 . 0 0 dividend per share each year

A company's last annual dividend was $2 a share. The company plans to pay $1.00 dividend per share each year in the next three years. In Year 4, it will pay a final liquidating dividend of $40 a share. If the required return is 15.6 percent, what is the current per share value of this stock?
$24.66
$23.84
$23.02
$25.48
$22.20
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