An analyst expects that Fast Logistics Inc. will pay a dividend of $.61,$.66,$.81, and $1.11 a share annually for the first four years, respectively. After that, dividends are projected to increase by 4% per year. Assume a required return of 14%, the analyst estimates a value of for one share of this stock today. $11.54 $12.15 $9.08 $12.01 $2.27