Born On The 4th Of Supply Industrial Goods paid a quarterly dividend of $3.55 per share last quarter. Today, the company announced that future dividends will be increasing by 0.8% quarterly. If you require a 92% annual rate of return, how much, to the nearest cent, are you willing to pay to purchase one share of this stock today?

$4.03

$15.43

$16.12

$15.99

$3.92