You are thinking to buy a share of Company Ames stock and hold it for 3 years. The company pays annual dividend. The dividends for the next three years are expected to be $1.2, $2, and $2.4 respectively. At the end of year 3, you expect to sell the share for $20. What is the price you are willing to pay supposed the required rate of return is 8% per year?

A. $20

B. $20.61

C. $21.20

D. $23.20

E. $19.78