Michael Finkert is considering an investment in Chos Korean Restaurant. Michael Finkert is planning to buy this companys common stock today, hold it for three years, and then expect to sell the stock for $40.00 at the end of the third year. Michael Finkert expects the first dividend to be $1.00, the second dividend to be $1.50, and the third dividend to be $2.25. If Michael Finkert requires a 17.00% rate of return, what is the value of Chos Korean Restaurant to Michael Finkert today?

Group of answer choices

$28.36

$29.00

$27.19

$31.75