A company expects to pay a dividend of $$2$ per share at the end of year $1,$ $$3$ per share at the end of year $2$ and then be sold for $$32$ per share. If the required rate on the stock is $15\%,$ what is the current value of the stock?

A company expects to pay a dividend of $$2$ per share at the end of year $1,$ $$3$ per share at the end of year $2$ and then be sold for $$32$ per share. If the required rate on the stock is $15\%,$ what is the current value of the stock?

$$32\mathrm{.}00$

$$29\mathrm{.}25$

$$32\mathrm{.}17$

$$28\mathrm{.}20$