Krellers Corporation is expected pay a dividend of $1.80 per share at the end of this year and a $2.50 per share at the end of the second year. You expect Kreller's stock price to be $35.00 in two years. Kreller's equity cost of capital is 16%. The price you would be willing to pay today for a share of Krellers stock, if you plan to hold the stock for two years is closest to:

a.$30.90

b.$29.45

c.$26.15

d.$27.95