New Corp. last paid a $1.50 per share annual dividend. The company is planning on paying $1.80, $1.75, $1.68, and $1.62 a share over the next four years, respectively. After that the dividend will be a constant $2.10 per share per year. What is the market price of this stock if the market rate of return is 15 percent?

Group of answer choices

$11.57

$12.48

None of these is correct

$12.92