Sessler Manufacturers made two announcements concerning its common stock today. First, the company announced that the next annual dividend will be $2.12 a share. Secondly, all dividends after that will decrease by 1.4 percent annually. What is the maximum amount you should pay to purchase a share of this stock today if you require a 14 percent rate of return?

Group of answer choices

$14.00

$14.21

$13.77

$11.29

$12.64