Hirshfeld Corporation's stock has a required rate of return of $10\mathrm{.}25\%,$ and it sells for $$70\mathrm{.}00$ per share. The dividend is expected to grow at a constant rate of

$6\mathrm{.}00\%$ per year. What is the expected year$-$end dividend, $D_1?$

Select the correct answer.

a$.$ $$3\mathrm{.}40$

b$.$ $$3\mathrm{.}54$

c$.$ $$2\mathrm{.}98$

d$.$ $$3\mathrm{.}26$

e$.$ $$3\mathrm{.}12$