Westover Winds just paid a dividend of $2.10 per share. The company will increase its dividend by 8 percent next year

Westover Winds just paid a dividend of $2.10 per share. The company will increase its dividend by 8 percent next year and will then reduce its dividend growth rate by 2 percentage points per year until it reaches the industry average of 2 percent dividend growth, after which the company will keep a constant growth rate forever. What is the price of this stock today given a required return of 11 percent? 
 

A.

$26.54

B.

$28.99

C.

$31.83

D.

$32.06

E.

$32.47