Q4 Midea has just shared that it will make the following dividend distributions: $2 in one year, $4 in two years and $1 in three years. Investors expect that the companys dividends will grow consistently after year three and the relevant growth rate is 2%. If the required rate of return is 11% for the company, how much should you pay for a Midea share today?

Select one:

a. 14.045

b. 19.091

c. 17.144

d. 16.688