The In$-$Tech Company just paid a dividend of $$1\mathrm{.}60$ per share. Analysts expect its dividend to grow at $15$ percent per year for the next three years and then $3$ percent per year thereafter. If the required rate of return on the stock is $12$ percent, what is the current value of the stock?

Multiple Choice

$$24\mathrm{.}88$

$$27\mathrm{.}69$