E-Eyes.com has a new issue of preferred stock it calls 18/18 preferred. The stock will pay a $18 dividend per year, but the first dividend will not be paid until 18 years from today.

Required:

If you require a 7.50 percent return on this stock, how much should you pay today?

	$14.12
	$70.19
	$65.29
	$13.33
	$19.35