Hodda, Inc., is expected to pay $11.0 to its shareholders as the annual dividend at the end of this year. Simultaneously, the company announced that future dividends will be increasing by 3.2 percent. If you require a rate of return of 10.1 percent, how much are you willing to pay today to purchase one share of the company's stock?

Select one:

a.159.42

b.137.34

c.131.88

d.127.78

e.185.03