Suppose a firm will pay a $2 dividend next year and expects to increase dividends by 20%, 15%, and 10% over the following three years. After that, dividends will increase at a rate of 5% per year indefinitely. If the required return is 17%, what is the price of the stock today?

Group of answer choices

$22.14

$18.80

$19.21

$21.50

$20.98