Red Sun Rising just paid a dividend of $$2\mathrm{.}10$ per share. The company said that it will increase the dividend by $20$ percent and $15$ percent over the next two years, respectively. After that, the company is expected to increase its annual dividend at $3\mathrm{.}4$ percent. If the required return is $10\mathrm{.}4$ percent, what is the stock price today?

Multiple Choice

$$15\mathrm{.}00$

$$38\mathrm{.}59$

$$37\mathrm{.}40$

$$35\mathrm{.}12$

$$39\mathrm{.}78$