Intel Co. has the following expected dividends per share: $2 in year 1, $1.5 in year 2, and $2.5 in year 3. In year 3, its stock will be selling for $19.00 per share. If its equity cost of capital is 8.00%, what is the current stock price of Intel Co.?

Group of answer choices

$15.08

$20.21

$21.08

$5.12