Appal Food Co$.$ expects its junk food sales to decline due to the increased interest in healthy eating. Thus, the company has announced that it will reduce its annual dividend by $2$ percent yearly for the next four years. After that, it will maintain a constant dividend of $$2$ a share. Last year, the company paid $$2\mathrm{.}35$ per share. What is this stock worth to you if you require a $9\mathrm{.}5$ percent rate of return?

Select one:

a$.$ $$16\mathrm{.}21$

b$.$ $$17\mathrm{.}48$

c$.$ $$18\mathrm{.}64$

d$.$ $$21\mathrm{.}81$

e$.$ $$24\mathrm{.}98$