Loggo Inc. will pay a $1.8 per share dividend in one year. The dividend in 2 years will be $3.5 per share, and it is expected that dividends will grow at 5.8% per year thereafter. The expected rate of return on the stock is 17.0%. What must be its price?

Select one:

a.33.29

b.31.14

c.28.25

d.32.56

e.33.84