Jack Thornton wants to purchase shares of Red Coat Industries. The stock currently sells for $63 per share. Jack requires an 11.67% return on his investment and had projected that Red Coat will pay a dividend that grows at 5% annually. What does he anticipate to be the amount of the next dividend to be paid by Red Coat Industrires? Question 7Answer a. $3.23 b. $4.00 c. $3.57 d. $4.20