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Suppose Costco Wholesale Co plans to pay a dividend of $1.75 in one year (year 1) and $2.00 in two years (year 2). Following this,

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Suppose Costco Wholesale Co plans to pay a dividend of $1.75 in one year (year 1) and $2.00 in two years (year 2). Following this, the company will not pay any dividends for 7 years. At the end of year 9 (year 9), the company will start paying a fixed annual dividend of $2.25 per share every year for eternity. If Costco Wholesale Co's equity cost of capital is 15.00%, what is its current price? $7.94 O $18.03 O $8.90 $7.30

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