Your common stock just paid $2 per share of annual dividend, you think the dividend will increase at the rate of 5% per year for two years, and you forecast that your stock can be sold at $20 per share two years from now. Your required rate of return on the common stock is 12%. Your valuation of the stock today should be ____.

Group of answer choices

$17.87

$19.40

$19.58

$21.58