Questions 21 - 24 are based on the following information relating to Tupelo Turtine Corporation. The company paid a dividend of 5.56 per share quarterly, totaling to $2,24 for the most recent full year, on its common stock. Based on a study of the risk of owning this stock, analysts at Walnut Investment Funds have determined that the required annual rate of return should be ke orr-8.4%. The first analyst, Ms. Branch, feel that the per share dividend will remain close to the most recent year's level for many years into the future, such that the stock's value can sensibly be modeled sa perpetuity. What is the highest price this analyst thinks the Walnut funds should be willing to pay for a share of Tupelo Turbine Corporations common stock D A $26.67 B. $18.82 C. $36.36 D. $28.91 E. 511.90