Can an expert help me solve this? The answer to the question is B$.$

Idaho Inc. has never paid cash dividends. You anticipate that Idaho Inc. will initiate an annual dividend

payment in $3($at the end of year $3)$ years and will increase the dividend by $4\%$ per year thereafter

indefinitely. The relevant discount rate for this stock is $9\%$ a year. Suppose Idaho, Inc. currently trades at

$$27\mathrm{.}78$ per share. According to the dividend$-$discount model, what is the market's expectation of ldaho

Inc.$\text{'}$s cash dividend in $3$ years?

a$.$ $$1\mathrm{.}05$

b$.$ $$1\mathrm{.}65$

c$.$ $$2\mathrm{.}62$

d$.$ $$3\mathrm{.}52$

e$.$ $$4\mathrm{.}20$