Lets say that the Peak Growth Company ispaying an annual dividend of $$2\mathrm{.}00$ and hasdecided to pay the same amount forever.Joe wants to earn an annual rate of return of$12\%$ on this investment, and plans to hold thestock for $5$ years, with the expectation of sellingit for $$20$ at the end of $5$ years.How much should he offer to buy the stock at$?$