A public firm has just paid a dividend of $2$ per share. The firm is expected to increase dividends by $15\%$ in one year and by $10\%$ in two years. After that dividends will increase at a rate of $5\%$ per year indefinitely. The required return is $20\%.$ The value of the stock is closest to:

A public firm has just paid a dividend of $2$ per share. The firm is expected to increase dividends by $15\%$ in one year and by $10\%$ in two years. After that dividends will increase at a rate of $5\%$ per year indefinitely. The required return is $20\%.$ The value of the stock is closest to:

$15\mathrm{.}79$

$12\mathrm{.}21$

$19\mathrm{.}95$

$18\mathrm{.}76$