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Hot Wings, Inc., has an odd dividend policy. The company has just paid a dividend of $8.65 per share and has announced that it will

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Hot Wings, Inc., has an odd dividend policy. The company has just paid a dividend of $8.65 per share and has announced that it will increase the dividend by $6.65 per share for each of the next four years, and then never pay another dividend. Required: If you require a 13.25 percent return on the company's stock, how much will you pay for a share today? (Select rounded answers as directed, but do not use the rounded numbers in intermediate calculations.) $71.74 $101.10 $74.50 $52.07 O $64.57

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