A company you are considering investing in has a dividend of $$0\mathrm{.}60$ per share. If you have a required return of $13\%$ and the dividend is expected to grow at $5\%$ per year, the discounted dividend valuation model would value the stock at:

$$9\mathrm{.}00.$

$$7\mathrm{.}88.$

$$9\mathrm{.}18.$

$$8\mathrm{.}48.$