PG Inc., announced today that their next annual dividend will be $1.60 per share. After that dividend is paid, the company is going to suspend dividends for 5 years after which a constant dividend of $.70 a share will be paid annually. The market rate of return on this stock is 14 percent. What is the current value of this stock given this announcement? Select one: O a. C. $3.88 O b. B. $3.68 O C. E. $6.40 O d. D. $6.28 O e. A. $2.28