Kellner Motor Co$.\text{'}$s common stock has a required rate of return of $11\mathrm{.}50\%.$ The stock has paid a constant dividend of $$1\mathrm{.}5$ per share, and the firm has no plan to change their dividend policy. You estimate the stock price in $4$ years to be $$25\mathrm{.}00$ per share. What is the maximum price you are willing to pay for this stock now?

$$22\mathrm{.}27$

$$23\mathrm{.}40$

$$21\mathrm{.}16$

$$19\mathrm{.}50$

$$20\mathrm{.}78$