Question: the answer is a but i cannot figure out how to solve for it. i can only use a calculator 14. Hoosier Electronics stock is

the answer is a but i cannot figure out how to solve for it. i can only use a calculator

14. Hoosier Electronics stock is currently priced at $18 per share. An investment expects the stock to pay the following dividends over the next 3 V years: co e YEAR 1 2 3 DIVIDEND $1.00 $1.25 $1.50 An investor would like a 10% annual return over the next 3 years. To achieve this return, what will Hoosier Electronics stock need to sell for in exactly 3 years? a. $19.87 b. $22.54 C. $23.94 d. $26.62 e. $28.10

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