Sterckel's Hometown Hardware made two announcements concerning its common stock today. First, the company announced that the next annual dividend will be $1.80 a share. Secondly, all dividends after that will increase by 2.25 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? Select one: a. $10.72 b. $13.79 c. $12.26 d. $15.32 e. $18.38