Lavaca Dairy just paid an annual dividend of $$1\mathrm{.}62$ a share. The firm has a target payout ratio of $\mathrm{.}55$ and a speed of adjustment value of $\mathrm{.}4.$ What is the expected value of next year's annual dividend if the firm expects its earnings per share to be $$3\mathrm{.}98?$

Multiple Choice

$$1\mathrm{.}74$

$$1\mathrm{.}92$

$$1\mathrm{.}85$

$$1\mathrm{.}71$

$$2\mathrm{.}50$