Midea has just shared that it will make the following dividend distributions: $2 in one year, $4 in two years and $1 in three years. Investors expect that the companys dividends will grow consistently after year three and the relevant growth rate is 2%. If the required rate of return is 11% for the company, how much should you pay for a Midea share today?

Select one:

a.19.091

b.17.144

c.16.688

d.14.045