Knightmare, Inc., will pay a dividend of $5.45, $9.55, and $12.75 per share for each of the next three years, respectively. The company will then close its doors. Investors require a return of 9.6 percent on the company's stock. What is the current stock price?

Multiple Choice

• $25.64

• $33.17

• $22.61

• $27.61

• $28.94