Shore Hotels just paid an annual dividend of $1.50 per share. The company will increase its dividendby 7 percent next year and will then reduce its dividend growth rate by 2 percentage points per year until it reaches the industry average of 3 percent dividend growth, after which the company will keep a constant growth rate forever. What is the price of this stock today given a required retum of 14. percent? O $18.99 O$14.85O$13.02O$11.83O$16.54