a company made two announcements concerning its common stock today. first, the company announced that the…

a
company made two announcements concerning its common stock today.
first, the company announced that the next annual dividend will be
$2.45 a share. secondly, all dividends after that will decrease by
3.5 percent annually. what is the maximum amount you should Pay if
you require a a 7 percent rate if return?

16.29, 17.64, 18.96, 23.33