Jenny is interested in buying the stock of Fintech, Inc., which is increasing its dividends at a constant rate of 5 percent. Last year the firm paid a dividend of $2.50. The required rate of return is 20 percent. What is the expected price of the stock four years from now?

a. none of these

b. $21.27

c. $26.85

d. $24.34

e. 18.55