Larchmont Wholesalers just announced it is raising its annual dividend to $1.18 next year and has committed to increase its dividend by 3.25 percent annually in the future. Based on this information, how much will one share of this stock be worth 8 years from now if the required rate of return is 9.5 percent?

		$24.38
		$25.18
		$26.51
		$27.02
		$27.71