Richmond Lobster Inc. is planning on paying annual dividends of $1.20, $1.35, and $1.50 over the next 3 years, respectively. After that, the company plans to pay a constant dividend of $1.75 per share each year. To compute the value of company's stock today, you should first determine the value of the stock at the end of year _____.

Select one:

a. 3

b. 1

c. 0

d. 4

e. 2