The dividend of EQ Bank is expected to be $1 per share for the next 2 years, thereafter the dividend is expected to grow at a constant rate of 4.40% each year forever. If the required return on the stock is 8.40%, what is the current price of the stock? The bolded option is the answer, I need to know the steps to approach this question and no excel please

A) $23.05

B) $19.99

C) $23.99

D) $21.40

E) $25.00