A share of stock is expected to pay no dividends for the next three years $($D$1$ thru D$2).$ At that point, it will pay an annual dividend of $$1\mathrm{.}00($D$3),$ and that dividend is expected to grow by $$0\mathrm{.}08$ in each future year $($i$.$e$.,$ $$1\mathrm{.}08$ in Year $4,$ $$1\mathrm{.}16$ in Year $5,$ $$1\mathrm{.}24$ in Year $6,$ etc.$).$ Also, the stock has a beta of $1\mathrm{.}25,$ the risk$-$free rate is $3$ percent, and the market risk premium is $5$ percent $($and CAPM is the correct model for required returns$).$ Given this information, determine what the current price of this stock should be$.$

$$16\mathrm{.}69$

$$12\mathrm{.}88$

$$24\mathrm{.}39$

$$20\mathrm{.}16$

$$28\mathrm{.}58$