Berkshire Homes recently paid $2.20 as an annual dividend. Future dividends are projected at $2.30, $2.50, and $2.75 over the next 3 years, respectively. Beginning four years from now, the dividend is expected to increase by 3% annually. What is one share of this stock worth to you today if you require an 11% rate of return? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a $32.96 b $34.14 c $38.16 d $32.00 e $35.41