Last year, Hansen Delivery paid an annual dividend of $$3\mathrm{.}20$ per share. The company has been reducing the dividends by $10$ percent annually. How much are you willing to pay to purchase stock in this company if your required rate of return is $13$ percent?

$$1\mathrm{.}92$

$$7\mathrm{.}87$

$$12\mathrm{.}52$

$$21\mathrm{.}16$

none of the above