You are considering whether to invest in a company's common shares. The company is expected to pay is first cash dividend of $2.00 at the end of year one. The dividend is expected to grow by 30% in year 2 and 20% in year 3. No further growth in the annual dividend is expected after year three. Calculate annual dividends to the nearest penny ($0.01) per share. If your required return on investment is 15%, what is the maximum price that you'd pay for the stock? Select one: a. $20.59 b. $19.43 C. $21.02 d. $20.22 e. $20.85