Maxwell Inc. announced today that it will begin paying annual dividends. The first dividend will be paid next year in the amount of $$0\mathrm{.}93$ a share. The dividends will be $$1\mathrm{.}03$ and $$1\mathrm{.}60$ a share annually for the next two years, respectively. After that, dividends are projected to increase by $4\mathrm{.}0$ percent per year. How much are you willing to pay today to buy one share of this stock if your desired rate of return is $12$ percent?

$$17\mathrm{.}33$

$$20\mathrm{.}51$

$$22\mathrm{.}08$

$$24\mathrm{.}00$