Home Care Providers is paying an annual dividend of $1.10 every other year. The last dividend was paid one year ago. The firm will continue this policy until 2 more dividend payments have been paid (i.e. D1=1.1, D2=0 & D3=1.1). One year after the last dividend normal payment, the company plans to pay a final liquidating dividend of $32 (i.e. P4=32) per share. What is the current market value of this stock if the required return is 12 percent?

$20.74

$18.92

$22.10

$23.14

$24.53