TB $08-111$ BC $\text{'}$n D just paid its annual dividend of$...$

BC $\text{'}$n D just paid its annual dividend of $$0\mathrm{.}60$ a share. The projected dividends for the next five years are $$0\mathrm{.}30,$$$0\mathrm{.}50,$$$0\mathrm{.}75,$$$1\mathrm{.}00,$ and $$1\mathrm{.}20,$ respectively. After that time, the dividends will be held constant at $$1\mathrm{.}40.$

What is this stock worth today at a $6\%$ discount rate?

Multiple Choice

$$20\mathrm{.}48$

$$20\mathrm{.}60$

$$21\mathrm{.}02$

$$21\mathrm{.}28$

$$21\mathrm{.}43$