Dille, Inc., pays no dividend at the present time. In Years $2$ and $3,$ the firm will pay annual dividends of $$4$ a share. After that, it will pay a constant $$2$ a share dividend indefinitely. What is this stock worth at a required return of $17$ percent?

Multiple Choice

$$11\mathrm{.}07$

$$12\mathrm{.}77$

$$12\mathrm{.}50$

$$12\mathrm{.}29$

$$11\mathrm{.}81$