Chitlin's Co just paid an annual dividend of $$1\mathrm{.}10$ a share. Management estimates the dividend will increase by $10$ percent a year for the next four years. After that, the annual dividend growth rate is estimated at $3\mathrm{.}2$ percent. The required rate of return is $12$ percent. What is the value of this stock today?

$16\mathrm{.}21$

$15\mathrm{.}81$

$12\mathrm{.}55$

$13\mathrm{.}00$

$14\mathrm{.}54$