Michael's, Incorporated, just paid $$2\mathrm{.}65$ to its shareholders as the annual dividend. Simultaneously, the company announced that future dividends will be increasing by $5\mathrm{.}7$ percent. If you require a rate of return of $9\mathrm{.}9$ percent, how much are you willing to pay today to purchase one share of the company's stock?

Multiple Choice

$$28\mathrm{.}29$

$$66\mathrm{.}69$

$$69\mathrm{.}34$

$$33\mathrm{.}35$

$$ $$17\mathrm{.}96$