(CHAPTER 8) You want to buy a few shares of stock of Merry-Go-Round Corporation. You expect a 9.6 percent rate of return to compensate for the perceived risk. What is the maximum you are willing to spend per share to buy this stock if the company plans to pay a constant $2.21 annual dividend per share, with the first dividend paid 9 years from today? For any intermediate calculations increase decimal places from 2 to 6 or higher, and only round your final answer to TWO decimal places, for example, 10.23. Do NOT use "$" in your