ABC announced that it would pay the following dividends over the next five years: $0.50, $0.75, $1.50, $3, and $4. Afterwards, dividends will decline at a rate of 2 percent per year indefinitely. What is the firms current stock price if the required rate of return is 13%?

a) $19.24

b) $20.26

c) $17.73

d) $30.33