b) AfroCafe Limited announced today that it will begin paying annual dividends next year. The first dividend will be 0.12 a share. The following dividends will be 0.15, 0.20, 0.50, and 0.60 a share annually for the following 4 years, respectively. After that, dividends are projected to increase by 4 percent per year. How much are you willing to pay to buy one share of this stock today if your desired rate of return is 8.5 percent? (10 Marks)