You expect that XWY common stock will pay $$0\mathrm{.}80$ in dividends one year from today and that the stock will sell $$25$ per share. What is the highest price that you will be willing to pay today if you require a $16$ percent rate of return on the stock?

$$20\mathrm{.}24$

$$21\mathrm{.}30$

$$20\mathrm{.}09$

$$22\mathrm{.}24$