Ottocell Motor Company Just Paid a Dividend of $1

Multiple Choice

Ottocell Motor Company just paid a dividend of $1.40.Analysts expect its dividend to grow at a rate of 10% next year,8% for the following two years,and then a constant rate of 5% thereafter.What is the expected dividend per share at the end of year 5?

A) $2.08
B) $1.98
C) $1.80
D) $0.99