An analyst gathered the following data about a stock:
·The stock paid a $1 dividend last year.
·Next year's dividend is projected to be 10% higher.
·The stock is projected to sell for $25 at the end of the year.
·The risk-free rate of interest is 8%.
·The expected return on the market is 13%.
·The stock's beta is 2.
The value of the stock today is closest to:

A.$19.45.

B.$22.89.

C.$26.74.