X Inc. has the following expected dividends: $1.50 in one year, $3.00 in two years, and $1.80 in three years. After that, its dividends are expected to grow at 2.00% per year forever (so that year 4s dividend will be 2.00% more than $1.80 and so on). If X Inc.s equity cost of capital is 11.00%, what is its current stock price?

(a) $24.50 (b) $24.05 (c) $20.02 (d) $23.79