Mega Sports Entertainment Inc. (ticker symbol MSEI on the Nasdak) is expecting to pay $1.23, $0.99, and $1.13 in annual dividends for the next three years respectively. After that the company's CFO projects that dividends will increase by 1.5% annually. Wilfred wants to earn 8% on his investments. How much is Wilfred willing to pay today for one share of MSEI?

Group of answer choices

$17.81

$17.04

$16.90

$17.31

$17.36