Coach Ham Corporation just paid its annual dividend of $1.25, today. Dividends for Coach Ham Corp. are expected to increase by 17.5 percent in year one and 10.0 percent in year two. After year two, dividends are expected to increase at a rate of 2.5 percent per year. What is the current price of Coach Ham Corp's stock? Assume the required rate of return is 10 percent.

Group of answer choices

$17.80

$18.25

$20.96

$33.51

None of these answers are correct.