Fiesta Meals is expected to pay an annual dividend of $1.60 a share next year. The company plans on increasing its dividend by 10 percent, 7 percent, and 5 percent a year for the next 3 years, respectively. After that, the growth rate will be held to 3 percent per year. What is one share of this stock worth to you today if you require a 15 percent rate of return?

		$13.87
		$14.79
		$15.03
		$15.28