In May 2020, Borracho Wine Company merged with Thompson Seedless Grapery. The firm's last dividend in 2020, Dewas $2.00. Unfortunately, you were unable to purchase the stock in time to receive that dividend, but if you purchase the stock today, you will all future expected dividends. The merger will temporarily require Borracho Wine to reduce dividends for two years. Afterward Borracho expects an uneven growth rate in earnings and dividends for the next few years (See forecast below). D D2021 $1.00 D2 D2022 0.00 D3 D2023 1.00 DA D2024 2.00 DS D2025 3.00 After 2025, Borracho forecasts a sustainable growth of 6 percent into the foreseeable future. Since Borracho's investors require a 17 percent rate of return they are forecasting the stock will have a value of $28.91 in 2025. What price will investors pay for Borracho's common stock (ex-dividend) three years from today in the year 2023? That is, Py = ? $23.56 $19.27 $17.91 O $22.23 $25.02 esc 888 :: F3 # 3 $ 4 % 5 2 6 7 8