Dark Side of The Moon, Incorporated, just paid a dividend of $2.00 to its shareholders. Simultaneously, the company announced that future dividends will be increasing by 3 percent per year forever. If you require a rate of return of 9.2 percent on Dark Side's stock, how much are you willing to pay today to purchase one share of the company's stock?

Answer options

$16.13

$35.22

$33.23

$32.26