Michael's, Inc. just paid this morning an annual dividend of $2.60. Simultaneously, the company announced that future dividends will be increasing by 5.60 percent per year. If you require an annual return of 9.8 percent, how much are you willing to pay to purchase one share of Michael's stock? A) $32.69 B) $17.83 C) $65.37 D) $28.02 E) $67.97