P7-1 (similar to) Anderson Motors, Inc. has just set the company dividend policy at $0.80 per year. The company plans to be in business forever. What is the price of this stock if a. an investor wants a return of 4 %? b. an investor wants a return of 8 %? c. an investor wants a retun of 10 % ? d. an investor wants a return of 13 % e. an investor wants a return of 17%? a. What is the stock price if an investor wants a return of 4% 7 (Round to the nearest cent.)