13. You are evaluating the purchase of Hyperion, Inc. common stock that just paid an annual dividend of $1.80. You expect the dividend to grow at a rate of 12% per year, indefinitely. You estimate that a required rate of return of 17.5% will be adequate compensation for this investment. Assuming that your analysis is correct and the company pays dividends once a year, what is the most that you would be willing to pay for the common stock if you were to purchase it today? Round to the nearest $.01 A) $91.23 B) $36.65 C) $74.82 D) $51.55 E) $54.62