Shares of Alvarez Corporation have a cost of equity of $11\%.$ Its dividend is increasing at a

constant $4\mathrm{.}3\%$ per year. What is the value of its next annual dividend if the stock is selling at

$$36$ per share?

b$.$ $$2\mathrm{.}52$

a$.$ $$2\mathrm{.}41$

c$.$ $$2\mathrm{.}67$

d$.$ $$2\mathrm{.}70$