Coolibah Holdings is expected to pay dividends of $$1\mathrm{.}20$ every six months for the next three

years. If the current price of Coolibah stock is $$22\mathrm{.}60,$ and Coolibah's equity cost of capital is

$18\%,$ what price would you expect Coolibah's stock to sell for at the end of three years?

A$)$ $$28\mathrm{.}87$

B$)$ $$31\mathrm{.}76$

C$)$ $$33\mathrm{.}20$

D$)$ $$34\mathrm{.}64$