King Waterbeds has an annual cash dividend policy that raises the dividend each year by 4%. The most a. an investor wants a return of 7% ? b. an investor wants a return of 9% ? c. an investor wants a return of 11% ? d. an investor wants a return of 13% ? e. an investor wants a return of 19% ? a. What is the stock's price if an investor wants a return of 7% ? \$ (Round to the nearest cent.)