The Impulse Shopper recently paid an annual dividend of $$1\mathrm{.}13$ per share. The company just announced that it is suspending all dividend payments on its common stock for the next five years. After that, the company expects to pay $$0\mathrm{.}50$ a share at the end of each year.

At a required return of $13\mathrm{.}84\%,$ what is a single share of the stock worth today?

$$1\mathrm{.}66$

$$1\mathrm{.}24$

$$1\mathrm{.}44$

$$1\mathrm{.}05$

$$1\mathrm{.}89$