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The common stock of LXL Co . , Ltd . is expected to pay a dividend of $ 1 . 5 at the end of

The common stock of LXL Co., Ltd. is expected to pay a dividend of $1.5 at the end of the first year, and market analysts expect that the dividend will grow at an annual rate of 5% in the next three years. In the foreseeable future, the annual growth rate will rise to 10%. If the expected return of these stocks is 15%, then their price today is the closest:
A. $26.42 B. $28.31 C. $38.20 D. $21.84 

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