Anderson Motors, Inc. has just set the company dividend policy at $0.60 per year. The company plans to be in business forever. What is the price of this stock if

a. an investor wants a return of 4%? $_______(Round to the nearest cent.)

b. an investor wants a return of 7%? $_______ (Round to the nearest cent.)

c. an investor wants a return of 10%? $_______ (Round to the nearest cent.)

d. an investor wants a return of 13%? $_______(Round to the nearest cent.)

e. an investor wants a return of 18%? $________ (Round to the nearest cent.)