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D 22. Michael Finkert is considering an investment in Cho's Korean Restaurant. Michael Finkert is planning to buy this company's common stock today, hold it

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D 22. Michael Finkert is considering an investment in Cho's Korean Restaurant. Michael Finkert is planning to buy this company's common stock today, hold it for three years, and then expect to sell the stock for $40.00 at the end of the third year. Michael Finkert expects the first dividend to be $1.00, the second dividend to be $1.50, and the third dividend to be $2.25. If Michael Finkert requires a 17.00% rate of return, what is the value of Cho's Korean Restaurant to Michael Finkert today? $31.75 $28.36 $27.19 $29.00

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