Cartwright made two announcements concerning its common stock today. First, the company announced that the next annual dividend will be $1.75 a share. Secondly, all dividends after that will increase by 2 percent annually. What is the maximum amount you should pay to purchase a share of this stock today if you require a 12 percent rate of return? Select the choice that is closest to your answer. $18.5 O $16.5 $17.5 $15.5