Michael's, Inc. just paid $2.30 to its shareholders as the annual dividend. Simultaneously, the company announced that future dividends will be increasing by 5.00 percent. If you require a rate of return of 9.2 percent, how much are you willing to pay today to purchase one share of Michael's stock? Multiple Choice O $26.25 $26.25 $17.01 O $59.80 $59.80 O $28.75 $28.75 $57.50