Ernie Banks Corp. just paid a dividend of $1 per share and plans to pay dividends of $1.5 per share for the next 5 years. After that, it expects to increase dividends by 5% indefinitely. An appropriate required return for the stock is 10%. Using the multistage DDM, the stock should be worth __________ today.

A) $19.39 B) $22.07 C) $20.39 D) $25.25 E) $26.92