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Coolibah Holdings is expected to pay dividends of $ 1.40 every six months for the next three years. If the current price of Coolibah stock

Coolibah Holdings is expected to pay dividends of $ 1.40 every six months for the next three years. If the current price of Coolibah stock is $ 21.60, and Coolibah's equity cost of capital is 16%, what price would you expect Coolibah's stock to sell for at the end of three years?

A. $ 28.81

B. $ 24.01

C. $ 27.61

D. $ 26.41

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