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Lifeline Inc. is going to pay a $4.00 dividend next year. Management expects to reduce the dividend by 2% per year, indefinitely. If you require

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Lifeline Inc. is going to pay a $4.00 dividend next year. Management expects to reduce the dividend by 2% per year, indefinitely. If you require a 10% return on this stock, what would you pay for a share of this stock today? Select one: A. $24.50 B. $22.62 C. $33.33 D. $37.69 E. $28.69

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