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Friendly Companies is preparing to pay annual dividends of $ 1 . 4 8 , $ 1 . 6 0 , and $ 1 .

Friendly Companies is preparing to pay annual dividends of $1.48, $1.60, and $1.75 per share over the next three years, respectively. After that, the annual dividend will be $1.90 per share indefinitely. What is this stock worth to you per share if you require a return of 12.6 percent?
$14.22
None of these answers are correct
$14.36
$14.32
$13.47
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