Quality Home Made Ice Cream has plans to pay decreasing annual dividends of $$1\mathrm{.}60,$ $$1\mathrm{.}50,$ and $$1\mathrm{.}35$ over the next three years, respectively. After that, the firm will increase the dividend by $5$ percent each year. What is the value of this stock today at a discount rate of $11$ percent?

Multiple Choice

$$19\mathrm{.}26$

$$19\mathrm{.}54$

$$19\mathrm{.}69$

$$19\mathrm{.}93$

$$20\mathrm{.}92$