Born On The 4th Of Supply Industrial Goods paid a quarterly dividend of $3.5 per share last quarter. Today, the company announced that future dividends will be increasing by 0.6% quarterly. If you require a 8.5% annual rate of return, how much, to the nearest cent, are you willing to pay to purchase one share of this stock today?

$44.57

$164.71

$57.72

$230.89

$229.51