Oorreeoos Inc. is presently enjoying abnormally high growth because of a surge in the demand for fake chocolate cookies. The company expects earnings and dividends to grow at a rate of 20% for the next 2 years, after which growth will return to a long-term rate of 5% for the foreseeable future. The companys last dividend, which was just paid, was $2.50 per share. The required return on the companys stock is 15%. What is the current price of the stock?

Group of answer choices

$16.28

$24.42

$37.98

$33.91

$20.35